technology medium Fill in the Blank

The global standard for crypto asset classification is developed by ________.

  1. Utilization / CCU
  2. Precision
  3. FATF / Financial Action Task Force
  4. Entanglement

Answer: FATF / Financial Action Task Force

FATF provides international standards for virtual asset definition, VASP regulation, and AML/CFT requirements. Countries implement through domestic laws for cross-border consistency.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC
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