Regulatory Frameworks
Last updated
Last updated
The regulatory framework for KYC/AML compliance in web3 is still developing. Some countries have started to implement regulations specific to web3 technologies, while others have issued guidance or are in the process of developing regulations. Here is a deeper dive into some selected regulatory frameworks:
Other countries and regions, such as Switzerland, the United Kingdom, Hong Kong, Singapore, and Japan, have implemented or are planning to implement regulations specific to web3.
EU
The European Commission has passed regulations (MiCA, TRF and AMLD7) requiring all Virtual Asset Service Providers (VASPs) to undergo customer due diligence and comply with Financial Action Task Force (FATF) requirements.
USA
In the United States, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued guidance and proposed bills related to digital assets and web3 technologies.
UK