24 April 2023

Regulating the crypto markets

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again

  1. Year on year, how much did crypto laundering increase by in 2021?

  2. Which organisation developed the Crypto-Asset Reporting Framework?

  3. When are the new European Commission transparency rules due to be in place?

  4. Who are the primary focus of the Crypto-Asset Reporting Framework?

  5. Why are NFTs included in the scope of the Crypto-Asset Reporting Framework?

  6. In August 2022, who endorsed the Crypto-Asset Reporting Framework?

  7. What has been a criticism of the Crypto-Asset Reporting Framework?

  8. Which country appears unlikely to adopt the Crypto-Asset Reporting Framework?

  9. What standard does the Crypto-Asset Reporting Framework supersede?

  10. Which of the following statements is correct? Statement 1, The CARF will apply to exchanges and transfers within the crypto-asset sphere, or statement 2, The CARF will apply to exchanges from cryptocurrencies to traditional currencies.

1 Unit