Abstract
The research investigates the sunrise issue of the financial regulations for virtual assets from the architectural perspective. The Financial Action Task Force’s revision of recommendations transits virtual assets from a vague area between legal and illegal economies. However, lawmakers and regulators warn that the stretching adoption of the regulations might invalidate the financial regulations for virtual assets, called a sunrise issue. The research explains the unsatisfying regulatory compliance, relying on the gaps between technological architecture and regulatory framework. Furthermore, it recommends a modular architecture in the regulatory framework and elaborate message format. The research contribute technology-regulation gaps to regulation compliance studies and global cooperation to blockchain-based financial sectors.
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