TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

Grey List

FATF (Financial Action Task Force)

FATF's role as global AML/CFT standard-setter, the 2019 VASP definition, the Travel Rule for crypto, grey-listing consequences, and the challenge of applying FATF standards to DeFi.

Donovan Vanderbilt · February 24, 2026

FATF Virtual Asset Guidance: The Anti-Money Laundering Rules That Every Jurisdiction Must Follow

FATF's Recommendation 15 and the Updated Guidance on Virtual Assets define the global AML/CFT framework for crypto — and FATF membership pressure is the single most powerful driver of national crypto AML legislation.

Donovan Vanderbilt · February 24, 2026 · 8 min read
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