According to the FATF official website, on June 21, local time, the FATF official website officially released the "Guide for risk-based approach to virtual assets and digital asset service providers" (Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers) This guide will help countries and virtual asset service providers understand their anti-money laundering and counter-terrorism financing obligations and effectively implement the FATF requirements applicable to the industry. Prior to this, the FATF revised its recommendations in October 2018 and June 2019 to increasingly use virtual assets for money laundering and terrorist financing. The FATF has strengthened its standards to clarify the application of anti-money laundering and counter-terrorism financing requirements to virtual assets and virtual asset service providers. Countries are now required to assess and mitigate risks associated with virtual assets, financial activities and providers; to license or register suppliers and to be supervised or supervised by national authorities. Virtual asset service providers are subject to FATF-related measures that apply to financial institutions.