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FATF Warns: Cross-Border Oversight Failures in Virtual Assets Could Have Global Impact

Summary: In a recent update, the Financial Action Task Force (FATF) warned about the potential global impact of oversight failures in regulating virtual assets (VA) and virtual asset service providers (VASP). The report highlights challenges in licensing, registration, and offshore VASP risk identification and regulation, despite progress in global legislation and regulation.

In a recent update, the Financial Action Task Force (FATF) warned about the potential global impact of oversight failures in regulating virtual assets (VA) and virtual asset service providers (VASP). The report highlights challenges in licensing, registration, and offshore VASP risk identification and regulation, despite progress in global legislation and regulation.

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Link: FATF Warns: Cross-Border Oversight Failures in Virtual Assets Could Have Global Impact [Copy]

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