Agreeing on a common lexicon in the digital assets space continues to be a challenge. Today the Wolfsberg Group shares a collection of Frequently Asked Questions (FAQs) on Defining Digital Assets in an Emerging Financial Crime Compliance Risk Environment, which captures how the Group's members conceive of and conceptualise key terms associated with digital assets -- in their engagement with policymakers, supervisors, regulators, and other FIs, and in developing their own policies and designing appropriate controls. These terms will serve as a reference going forward for subsequent work by the Group on the risks and associated controls for digital assets.