technology medium Fill in the Blank

The international standard for crypto asset service provider registration is developed by ________.

  1. AI-based / Machine Learning
  2. Parquet
  3. FATF / Financial Action Task Force
  4. chmod

Answer: FATF / Financial Action Task Force

FATF sets global AML/CFT standards for VASPs: registration, KYC, Travel Rule compliance. Countries implement through domestic laws. Critical for cross-border crypto regulatory alignment.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC