In March 2021, the Financial Action Task Force (FATF) has put out its updated “Guidance on the risk-based approach to virtual assets (VAs) and virtual asset service providers (VASPs)” for public comment. The FATF originally published this Guidance in June 2019 when the FATF finalised changes to its Standards to clearly place anti-money laundering and countering the financing of terrorism (AML/CFT) obligations on VAs and VASPs. In July 2020, the FATF committed to update this Guidance as set ou...