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FATF includes DeFi in guidance for crypto service providers
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Decentralized finance, or DeFi, continues driving more interest from regulators, becoming a part of major international rules designed for virtual asset service providers, or VASPs.
On Oct. 28, the Financial Action Task Force, or FATF, issued a new update for its 2019 guidance for a risk-based approach for virtual assets and VASPs, paying particular attention to the DeFi industry.
The new guidance addresses issues identified in the FATF’s 12-month review of the revised FATF standards on virtual
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