Cryptocurrency Regulation Continues to Plough Forward During the Crypto Winter

Whilst cryptocurrency is in the midst of winter, governments and regulators across the globe have continued to plough along to introduce further proposals for greater regulation of virtuals assets (VAs) and Virtual Asset Service Providers (VASPs). 

It is essential that crypto stakeholders stay ahead of latest developments and maintain up to date compliance frameworks to implement changes in regulatory requirements enabling timely updating of systems and controls to reduce the likelihood of breaches of regulations. 

Ropes & Gray's handy alert provides a concise summary of some of the latest updates in relation to anti-money laundering/counter-terrorist financing (AML/CTF) and sanctions regulations, from:

• The Financial Action Task Force (FATF);
• The European Union;
• United Kingdom; and
• United States.

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