English [EN]
ADDITIONAL INFORMATION
CRYPTO COMPLIANCE GUIDE FOR DIGITAL ASSETS
Crypto compliance addresses risks in digital assets for exchanges, custodians, and DeFi platforms. TAFT navigates evolving standards like FATF and FinCEN, providing frameworks for token classification and custody.
OVERVIEW OF REGULATIONS
Key rules include the FATF Travel Rule for transfers over $1,000 and SEC guidance on securities. In 2025, focus shifts to stablecoins and NFTs under MiCA in EU.
CORE ELEMENTS
Token Classification: Use Howey Test to determine security status.
VASP Registration: Comply with licensing for virtual asset service providers.
Custody and Wallet Security: Implement multi-sig and insurance.
Blockchain Analytics: Tools for tracing illicit flows.
Element
Requirement
Regulation
Token Classification
Security vs Utility
SEC Howey
Travel Rule
Info sharing on transfers
FATF
STEP-BY-STEP IMPLEMENTATION
Classify assets and register as needed.
Integrate screening for wallets and transactions.
Train on staking risks.
Conduct cross-border assessments.
Audit for gaps with 2025 updates like enhanced DeFi reporting.
Challenges: Volatility in regs; solutions: Agile frameworks.
FAQS
What is VASP?
Virtual Asset Service Provider under FATF.
How to comply with stablecoins?
Reserve audits and transparency.
