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We also appreciated reading about FATFโ€™s participation at G20 summits, and their emphasis on implementation.

Global standards provide clarity and consistency - key factors of effective regulation, but they can only be helpful if implemented across the board.

#Binance is also pleased to see FATF using the report to shine a light on their developing online courses, used to train people in the fields of virtual assets and VASPs.

Education is key (1.).

Further exploration was made on how technology can play a key role in detecting suspicious financial activities, including money laundering.

This detection is essential to creating and maintaining a safe ecosystem of money. Transparent blockchains are great tools too.

The Financial Action Task Force @FATFNews recently published their annual report.

#Binance shares their view that strong standards are critical to the future of this industry, especially on pressing issues like money laundering and financial crime.

A few highlights ๐Ÿงต

๐Ÿ“ข @Uniswap <> @bnbchain Proposal Hot News:
40M $UNI Quorum of the proposal has been reached.

๐Ÿฅณ My congratulations, #Uniswap and @Binance community! Work hard, Party harder! ๐ŸŽ‰


Binance Australia @Binance_AUS is already regulated by AUSTRAC and ASIC, and we'll be one of the first to operate under the reformed regulations from this effort.

Regulation, done correctly, can be a huge benefit for the space.

It should provide clarity and confidence for users and service providers, making adoption a faster process.

This is a step in the right direction.

Adopting a risk-based approach is key for Australiaโ€™s community of crypto businesses and users, unlocking more opportunities, creating jobs, and fostering innovation.

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