Recommendation 16

In 2019, the Financial Action Task Force (FATF) released an updated document which contained Recommendation 16. The document proposed that cryptocurrency exchanges and virtual asset businesses, also known as virtual asset service providers (VASPs), within FATF member countries would need to reassess how crypto assets were transferred.

You may be more familiar with Recommendation 16's alias - the Travel Rule.

See the Travel Rule (Recommendation 16) in action, check out these posts;

 

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