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FATF guidance improves outlook for virtual asset market

The recently issued guidance on virtual assets by the Financial Action Task Force (FATF) is a positive step towards attracting sophisticated investors to the virtual trading space, according to Henry James, deputy CEO and co-founder of virtual asset management firm Fincross International. Despite HNWIs’ healthy appetite for cryptocurrencies, private banks in Asia have remained hesitant to enter the virtual playing field predominantly…

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