Crypto transaction regulations more sophisticated than ever
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| Dr. Le Thi Thuy Van, vice president National Institute for Finance Ministry of Finance |
The law also mandates the adoption of cybersecurity safeguards and anti-money laundering frameworks in line with international best practices, in a move likely aimed at addressing concerns raised by the Financial Action Task Force (FATF).
The rise of cryptoassets introduces complex challenges in the regulatory and supervisory landscape. Among these, anti-money laundering (AML) regulation has become increasingly sophisticated and difficult due to the advancement of technology, requiring regulators to study international best practices and flexibly adapt them to their own socioeconomic contexts.
According to…
