The FATF’s Cryptocurrency Guidelines

CBRI Working Papers: Notes on the 21st Century

17 Pages Posted: 24 Apr 2020

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: March 28, 2020


Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) are an area of heightened international financial regulatory interest. Although the FATF has wasted much time as a politicized instrument of economic violence against smaller economies, there are nevertheless technical areas where the FATF can make a more prudent and laudable contribution, such as the guidelines for oversight of VAs/VASPs. This paper examines the scope and impact of the FATF’s virtual currency guidelines, noting that they are alleviating regulatory uncertainties around the world. The paper thus argues that the FATF should focus more on the technical challenges of monetary authority in the 21st century with regards to VAs and VASPs.

Keywords: cryptocurrency, virtual assets, blockchain, bitcoin, FATF, financial regulation

Suggested Citation

Chohan, Usman W., The FATF’s Cryptocurrency Guidelines (March 28, 2020). CBRI Working Papers: Notes on the 21st Century. Available at SSRN: or

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )


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