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Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF

Published 12/06/2019, 07:45 PM
Updated 12/06/2019, 09:21 PM
Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF

The Ukranian government has approved the final version of a money laundering law that will handle virtual assets and virtual asset service providers (VASPs) per FATF guidelines.

On Dec. 6, the Rada, Ukraine’s legislative body, published a final version of the law that considers virtual assets to be a store of wealth, while also recognizing its potential use in financial crimes, such as money laundering, fraud, and the financing of terrorists.

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