As many nations have failed to comply with its previous demands, the Financial Action Task Force (FATF) has agreed on an action plan to promote timely global implementation of FATF standards on crypto assets. To ensure that its recommendations are implemented globally, the FATF relies on a network of regional organizations called FATF-Style Regional Bodies (FSRBs).
The FATF will produce a report on the efforts that FATF members and FSRB nations with substantially important virtual asset activity have made to impose regulations and oversee virtual asset service providers in the first half of 2024.
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
