technology medium Fill in the Blank

The international body that sets standards for crypto asset service provider supervision is ________.

  1. Corporation for Assigned Names and Numbers / ICANN
  2. FATF / Financial Action Task Force
  3. Function
  4. Logging / Audit Trail

Answer: FATF / Financial Action Task Force

FATF provides global AML/CFT standards for VASPs: registration, risk assessment, Travel Rule implementation. Countries align domestic regulations for cross-border consistency.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC
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