A standard has been developed for compliance with cryptocurrency exchanges FATF standards

A number of organizations, such as the Chamber of Digital Commerce, the World Digital Finance Organization and the International Association of Digital Asset Exchanges, developed the IVMS101 standard, which, as conceived by the authors, will allow cryptocurrency exchanges to comply with anti-money laundering (FATF) standards.

After implementation, IVMS101 will allow exchanges to introduce several necessary functions: user identification, data transfer automation and reduction of risks and costs.