Valid 312-82 Test Book & Exam Discount 312-82 Voucher
Valid 312-82 Test Book & Exam Discount 312-82 Voucher
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Tags: Valid 312-82 Test Book, Exam Discount 312-82 Voucher, 312-82 Latest Test Sample, 312-82 Free Practice, 312-82 Exam Papers
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Exam Discount 312-82 Voucher, 312-82 Latest Test Sample
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EC-COUNCIL 312-82 Exam Syllabus Topics:
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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q37-Q42):
NEW QUESTION # 37
The Financial Action Task force defines virtual asset service providers as companies that (choose two):
- A. Exchange virtual assets for fiat currency
- B. Sell products for virtualcurrency
- C. Purchase virtual currency
- D. Transfer virtual assets
Answer: A,D
Explanation:
According to theFinancial Action Task Force (FATF),Virtual Asset Service Providers (VASPs)are entities or companies that facilitate activities related to virtual assets. Specifically, VASPs include businesses thatexchange virtual assets for fiat currencyandtransfer virtual assets. These activities are regulated to prevent money laundering, terrorist financing, and other illicit activities.
Key Details:
* Exchange of Virtual Assets for Fiat Currency: VASPs often act as intermediaries that enable the conversion between virtual assets (like cryptocurrencies) and traditional fiat currencies. This function is central to enabling liquidity and usability of cryptocurrencies within the traditional financial system.
* Transfer of Virtual Assets: VASPs may also provide services that involve the transfer of virtual assets from one user to another, which includes activities such as facilitating peer-to-peer transactions, wallet services, or custodial services.
* FATF Standards and Compliance: The FATF has established guidelines for VASPs to enhance transparency and ensure compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
Thus, the correct answers areC. Exchange virtual assets for fiat currencyandD. Transfer virtual assets, as these are the core activities defined for VASPs by the FATF.
NEW QUESTION # 38
What is the term for the smallest subunit in Ether.
- A. Wie
- B. ETH
- C. Gas
- D. Bitcoin
Answer: A
Explanation:
The smallest subunit of Ether is called aWei. Ether (ETH) is divided into several subunits for precision in transactions, with Wei being the smallest, equivalent to 10#1810