Virtual Assets
AML/KYC Requirements for Tokenization Platforms: FATF Travel Rule Guide
AML/KYC compliance for tokenization platforms: FATF Travel Rule, $1,000 threshold, TRISA and Notabene solutions, sunrise problem, jurisdiction-by-jurisdiction implementation status.
FATF Virtual Asset Standards
FATF Recommendations 15 and 16 extend AML/CFT requirements to VASPs globally, establishing VASP licensing, Travel Rule obligations, and risk-based oversight for DeFi and unhosted wallets.
South Korea Virtual Asset Regulation: VAUPA and FSC Framework
South Korea VAUPA (effective July 2024) — mandatory VASP registration, customer asset segregation, insurance requirements, market manipulation prohibition, FSC oversight, and tokenized securities under the Financial Investment Services Act.
VARA (Virtual Assets Regulatory Authority)
VARA is Dubai's dedicated virtual asset regulator, established 2022, overseeing licensing, conduct, and AML compliance for all virtual asset activities in Dubai.
VARA Dubai: The World's First Standalone Virtual Asset Regulator
VARA was established under Dubai Law No.4 of 2022, regulates 7 VA activity categories through 8 rulebooks, has issued 20+ full licenses and 40+ provisional approvals, with capital requirements of AED 700K–2M.