The FATF publishes measures and guidelines for virtual assets and describes the establishment of its standards.

According to Coinpost, the Financial Action Task Force (FATF) published a report on measures and guidelines for (responding to) virtual assets and summarized its efforts in encrypting assets. The FATF uses the ransomware Wannacry as an example to show how to use virtual currency to commit crimes, such as through virus intrusion, using bitcoin to pay ransom, hackers receiving through wallet, money laundering, remittance to exchanges, and exchange of legal currency. At the same time, the FATF also introduced its current work, such as establishing standards, and preventing the abuse of virtual currency through the support of the G20 and other organizations. Regarding the FATF standard, the state needs to follow three measures. First, the state needs to understand the risks of money laundering and terrorist financing sources. Second, it must implement a licensing or registration system for digital asset service providers. Finally, it should be similar to finance. Institutional monitoring.