Virtual currency and the issues of anti-money laundering and combating the financing of terrorism

Taking into account the variants of regulation of the virtual currency market discussed in the Russian Federation, the author analyzes approaches to the problem of countering money laundering and terrorism financing using such financial instruments proposed by the Financial Action Task Force on Money Laundering (FATF). It proposes measures to implement the FATF approaches to managing the risks of using virtual currencies in the Russian legislation.