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FATF includes DeFi in guidance for crypto service providers

Published 10/28/2021, 12:00 PM
Updated 10/28/2021, 01:40 PM

Decentralized finance, or DeFi, continues driving more interest from regulators and is becoming a part of the major international rules designed for virtual asset service providers, or VASPs.

On Thursday, the Financial Action Task Force, or FATF, issued a new update to its 2019 guidance to a risk-based approach for virtual assets and VASPs, paying particular attention to the DeFi industry.

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