Finma Guidance Payments on the blockchain


Cryptocurrencies and related technologies create new opportunities for criminals and terrorists to launder their proceeds or finance their illicit activities.1 In light of this, the Financial Action Task Force (FATF) set about strengthening its standards on virtual assets and completed this work on 21 June 2019. The published guidance on virtual asset service providers (VASPs) deals with blockchain service providers such as exchanges, wallet providers and trading platforms. It requires that the existing rules on combating money laundering also apply to such service providers.


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Monday, August 26, 2019
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Swiss Financial Market Supervisory Authority
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