The Central Bank of the UAE has issued guidelines on anti-money laundering and counter-terrorism financing for virtual assets

ChainCatcher news, according to a report by Reuters, the Central Bank of the UAE has issued anti-money laundering and counter-terrorism financing guidelines for virtual assets. The statement noted that the new guidelines discuss the due diligence required for licensed financial institutions when cooperating with virtual assets and virtual asset service providers.

It is reported that the guidelines will take effect within a month and apply to banks, financial companies, exchanges, payment service providers, insurance companies, agents, and brokers. The Central Bank of the UAE stated that the guidelines take into account the standards of the Financial Action Task Force (FATF). (Source link)