V20 is a 2-day industry summit for the world's leading Virtual Asset Service Providers (VASPs), held in parallel with the G20 Leaders' Summit. #virtualasset20
We would like to thank all the contributors and reviewers for the @FATFNews submissions. The submission includes issues with regards to the Travel Rule, P2P and NFTs, from the private sector's perspective.
Download below:
https://t.co/pn0ZH3xPpI
“You may need to implement a #TravelRule solution even if your regulator isn’t requiring it, just so you can continue to do business in other jurisdictions with stricter requirements.” - @PelleB of Notabene.
#virtualasset20
Kicking off our last day with @AnsonZeall, a hands on experience for insights on the industry can utilise tools for #travelrule compliance.
#virtualasset20
That’s a wrap! Day 2 ending with @AlexandreKechof @GlobalDigitalFi. Today will be Industry & Regulators re-convening. Register on https://t.co/KrX0ikBl3O
#virtualasset20
Moderated by Bryony Widdup of @DLA_Piper - Stablecoins: Expanding on AML-CFT risk management
Register on https://t.co/KrX0ikBl3O for more insights.
#virtualasset20#StableCoins#AML#CFT
Moderated by @mpesce in the #V20 style - Leveraging P2P: Managing the AML-CFT risks linked to Decentralized Finance
Register on https://t.co/KrX0ikBl3O for more insights.
#virtualasset20#P2P#DeFi#AML#CFT
🎙️ “The G20 agrees that payments systems must be updated and that virtual assets can play a part in this” - David Lewis during @V20_summit.
Take a look:
https://t.co/Gp7NWxWz1V
Takahide Habuchi of @fsa_JAPAN recognises there are still challenges to implementation of the #TravelRule:
* Lack of established & widely adopted solution
* Identifying counterparty VASPs
* Global list of VASP
* Privacy
* Unhosted wallets
* Sunrise issue
#virtualasset20
"There is a huge demand for a well-regulated environment that goes beyond dealing with financial crimes risk," -
Wai Lum Kwok of @ADGlobalMarket on creating regulations for the virtual asset industry in Abu Dhabi.
#virtualasset20
“Legal certainty allows innovators to focus on innovation and instill a risk management and compliance mindset from inception."
Aqsa Zubair @Aqsaa23 , #fintech and #virtualassets expert at the Bermuda Monetary Authority, speaks to the WHY of regulation.
#virtualasset20