A question for the Financial Action Task Force: What exactly counts as a VASP?

Quick Take

  • A new draft guidance on cryptocurrency from the Financial Action Task Force raises the bar for cryptocurrency regulation.
  • The document appears to expand the definition of a key term: virtual asset service provider, or VASP.
The global anti-money-laundering watchdog has raised the bar for crypto regulation. But it has also left a crucial definition unclear.

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