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FATF's long-debated crypto guidance is almost finalized — here's what to expect

Quick Take

  • The Financial Action Task Force says it will publish its final cryptocurrency guidance by November.
  • Two controversial pieces — the so-called travel rule and the definition of a “virtual asset service provider” — have the potential to transform the industry.
The world's anti-money-laundering watchdog is on the verge of wrapping up a controversial two-year-long process to develop the rules.

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