IOTA Foundation Calls for Proportionate AML/CFT Compliance as FATF Issues Proposed Revisions

The IOTA Foundation has responded to the Financial Action Task Force (FATF) concerning their proposed amendments to anti-money laundering and combating financing of terrorism (AML/CFT) standards. The foundation advocates for a more proportionate approach to compliance, emphasizing simplified customer due diligence measures and the use of decentralized solutions in the Web3 sector.