Currently the Financial Action Task Force, which is the international standard-setting body in the space of financial crimes—money laundering, counter-proliferation and terrorist financing—is in the process of developing guidance around what they call virtual “assets”, what we call virtual “currencies”. Our legislation is largely compliant with the direction they are moving in. However, we're coming out in advance of the agreement on that standard internationally. We are slightly ahead of other jurisdictions in that respect.
