Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards
Blog iconMason
Dec 3
U.S. Treasury Secretary Janet Yellen said non-custodial protocols will not be subjected to stringent reporting obligations in line with updated guidance concerning crypto assets from the Financial Action Task Force (FATF), an intergovernmental organization that sets anti-money laundering guidelines for dozens of nations. FATF finalized its updated guidance in late October calling on nations to subject DeFi protocols to anti-money laundering standards, including the collection and sharing of d...

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