Reported about 7 hours ago
The Financial Action Task Force (FATF), an international financial crime watchdog, has called on nations to strengthen measures against illegal finance within cryptocurrency markets. Despite some progress in regulation since 2024, many jurisdictions still struggle with compliance, risking global repercussions due to the borderless nature of virtual assets. The FATF highlighted the use of stablecoins in illicit activities and reported that ambiguous regulatory frameworks continue to impede the identification of those behind crypto transactions.
Source: YAHOO