The strong competitiveness of the United States in private forms of currency and the advance of Asia in its “digitised” currency are widening the gap in global currency competition. The development of private stablecoins and the opening up of competition in means of payment with the help of innovative players are an effective way of dealing with these challenges.
2020-07-29_ADAN-position-LCFT
Letter to Members of Parliament on the extension of the PSAN (digital assets service providers) regime
On 21 June 2019, the Financial Action Task Force (FATF) issued recommendations on digital assets to the group’s member states. ADAN wishes to accompany the Public Authorities in the effective implementation of these recommendations. We present in this document the recommendations of the association on the modalities of this transposition.
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