IOTA welcomes the FATF reforms-they promote striving for balance between risk and innovation
- IOTA supports the updated AML/CFT rules of the FATF and striving a balanced, practical compliance.
- In the first quarter 25, Iota intensified system and Mainnet growth before the rebased upgrade.
Die IOTA Foundation spoke for the updates recently presented by the Financial Action Task Force (FATF) that would offer security and sensitivity to international anti-money laundering and anti-terrorism financing regulations.
These updates focused on simplification of compliance with the regulations drive forward at the same time the innovation, which is good for the current efforts of IOTA fits in the area of decentralized and finances.
The #IOTA Foundation recently shared feedback on proposed updates by @Fatfnews to #AML/CFT standards. We support these changes that balance effective risk management with financial inclusion and innovation.
https://t.co/1IZzN7dNcO
pic.twitter.com/xhFOQv9cP6
— IOTA (@iota) April 3, 2025
An important change in the suggestions is the use of the word “appropriate” instead of “proportionate” when it comes to risk assessment and regulatory responsibilities. The change of concept has its reason.
He specified, Like the risk level should be regulated directlyespecially for new technologies such as vasps. A proportionate approach makes it easier for smaller actors and start-ups to make work without being overloaded by regulations that are intended for far larger institutions.
The fat thinks about it like the excessive compliance with regulations solved can becomeEspecially when banks and non-finance companies mentioned are trying to apply strict regulations even in environments with little risk.
The IOTA agrees with this direction. It should be more practical than theoretical than risk reduction. Dies could lead to fewer obstacles for small companies and Create space for real financial integration.
The digital identity has also found its way into the discussion. The FATF now acknowledges that not all external relationships are connected to face to face – with higher risks – a Soothing admission in an increasingly digital age.
The IOTA sees this as a positive development, since better technologies for identity checking financial activities from a distance are more secure than ever.
Defi, data protection and RWA
In areas Like Defi and the use of wallets hosted by self trusted IOTA To find the solution to find a balance between regulation and data protection. Instead of outdated models For emerging technologies introduce the organization suggests tailor -made solutions.
An example For that is The tokenized KYC system, which was developed with the help of the European Blockchain Regulatory Sandbox. It provides a means with which the identity of a person can be checked without making personal information accessible and combines user control with regulation.
These changes proposed by the FATF could the door For further industry -specific approaches of this kind be . If you are accepted, you could create a stronger regulatory framework for decentralized models that Innovators offers the space that you can use to create something, the risks remain under control.
For Iota, the commitment to make this future reality goes far beyond words. The foundation invite Continuous discussions with representatives of interests a so that all adjustments benefit the changing financial system without the innovation at the rootcut off .
Record -breaking first quarter for IOTA
The foundation not only contributes to regulatory progress, but also makes progress on site. It was one of the most active first quarters that the company has experienced. As CNF reportedare the preparations for that Rebased Mainnet of the IOTA just before the Completion, and a new chapter will soon be opened.
Dive into the Q1 2025 progress update for IOTA. In preparation for the Rebased Mainnet launch which is on the horizon, all teams worked in unison to finalize core infrastructure, build adoption, and grow the IOTA ecosystem.
— IOTA (@iota) April 1, 2025
The IOTA Labs Grant Program continues to support aspiring, opportunities, with the efforts to achieve events, the integration of the exchange and the integration of developers. Der IOTA Moveathon-Hackathon running already and the interest The entire developer base is great.
Significant progress was also made in the technical infrastructure. New validers were included in the public test network. Core service programs such as Pyth oracles and RPC providers have been added.
In the meantime, IOTA EVM Ankr took up as a RPC provider and added analyzes by Nansen and Lukka. Business development strengthened the connections to SUI, aptos and movement and strengthened the position of IOTA in the Move VM ecosystem.
At the beginning of the second quarter, the foundation begins its next phase one Improved infrastructure, a more networked community and a better defined timetable in the direction of decentralized development.
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