Who Must Comply with the FATF Recommendation 16’s “Crypto Travel Rule”?

The essential guide on how the Financial Action Task Force’s updated Recommendation 16 impacts its 39 members, 200+ FSRB-affiliated countries and virtual asset service providers (VASPs).

What is the FATF Recommendation 16 for VASPs?

The Financial Action Task Force (FATF)’s latest guidances herald in significant changes in how cryptocurrencies will be regulated. This guide looks at the FATF’s Recommendation 16, the so-called “crypto travel rule” and its resultant expectations and requirements that have to be met before the FATF’s June 2020 deadline.