Glossary · deep dive

FATF

Financial Action Task Force: sets global anti-money-laundering standards, including for crypto service providers.

The Financial Action Task Force sets global anti-money-laundering standards. Its recommendations, including the travel rule, apply to virtual asset service providers. Countries then write them into national law, for example through EU rules.

Takeaway: The rules apply to companies such as exchanges. Bitcoin itself is a neutral protocol.

Educational information, not legal or tax advice.