Author: Wei Xiang
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🌐 [FATF] FATF Standards Implementation Report on VAs and VASPs (Updated 9/07/24)
![🌐 [FATF] FATF Standards Implementation Report on VAs and VASPs (Updated 9/07/24)](https://web3accountant.online/wp-content/uploads/2024/07/FATF-logo-via-Wikipedia-e1588770257440-1.png)
The report found that while some jurisdictions have made progress in implementing anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, global implementation is still lagging. Several countries have yet to take significant steps to regulate this area, and these countries need to urgently prioritize the full implementation of these standards. Based on 130 Financial Action… Read more
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🌐 Navigating the Virtual Asset Service Providers (VASP) Travel Rule: A Comprehensive Guide for the Digital Assets Ecosystem
📜 The VASP Travel Rule, an extension of the Financial Action Task Force (FATF) Recommendation 16, mandates that Virtual Asset Service Providers (VASPs) collect and transmit sender and beneficiary information for transactions exceeding a certain threshold, typically $1,000 or its equivalent. This includes names, account numbers, physical addresses, and identification details, akin to traditional financial… Read more
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[Standard Chartered] 🌐 Real-World Asset Tokenization: A Game Changer for Global Trade
![[Standard Chartered] 🌐 Real-World Asset Tokenization: A Game Changer for Global Trade](https://web3accountant.online/wp-content/uploads/2024/07/下载-14.png)
The introduction of blockchain technology was the game changer. It is revolutionizing the financial markets. What was once unthinkable is becoming a reality, and tokenization has emerged as a crucial element in expanding digital asset markets, transforming them from niche and experimental to widely accepted and mainstream. Driven by client demand and the potential opportunity… Read more
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[VISA] 💱Tokenization of Money: e-HKD and the Future of Global Money Movement
![[VISA] 💱Tokenization of Money: e-HKD and the Future of Global Money Movement](https://web3accountant.online/wp-content/uploads/2024/07/kcCptOsC_400x400.png)
The movement of money is entering a new era. Innovations in payments are happening at all levels, led by the private sector alongside leading public institutions. Central banks and regulators are exploring new technological innovations and regulatory frameworks on a macro level. In parallel, solutions from the private sector continue to emerge, solving existing pain… Read more