While it is often said that cryptocurrencies and blockchain technology are unregulated, nothing could be further from the truth. As the cryptocurrency awareness is rising, various institutions across the world are stepping up to offer their opinions, provide their theoretical contributions and regulatory recommendation that either promote or curtail the growth of crypto technology.
Among the institutions that have been truly powerful recently when it comes to setting the standards for crypto exchanges, crypto trading platforms, digital assets companies and other fintech businesses is the FATF.
The Financial Action Task Force (FATF) is an inter-governmental policy-making body which aims to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
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