2min chapter

Blockchain Insider Podcast by 11:FS cover image

177. Insights: What does AML and regulation look like in web3?

Blockchain Insider Podcast by 11:FS

CHAPTER

Fadf

Two years ago, FADF provided guidance around DeFi in particular and NFTs. We still haven't seen really regulatory action in that space. But I like when jurisdictions sort of take those FADF standards and then apply some common sense regulation to them. The UK is another example of this. They said, look, unhosted wallets are not inherently riskier. But like anything else, you should take a risk-based approach. You should gain as much granular information as possible. And then maybe need to do heightened due diligence depending on that.

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