GK Question

technology medium true_false

FATF recommendations require Virtual Asset Service Providers to implement AML/CFT measures.

  1. True
  2. False

Answer: True

FATF (Financial Action Task Force) Travel Rule requires VASPs to share sender/receiver information for crypto transactions above threshold. India aligns regulations with FATF standards for anti-money laundering.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC