FATF Warning On Stablecoin Crimes Is Not Anti-Crypto, Intel Firms Say
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8 Articles
FATF warns of rising crypto misuse, urges stricter global oversight
FATF calls for tighter crypto rules as illicit use spreads to stablecoins and gaming, exposing gaps in global AML systems. The post FATF warns of rising crypto misuse, urges stricter global oversight first appeared on Asia Gaming News | AGB - Asia Gaming Brief.
FATF warning on stablecoin crimes is not anti-crypto, intel firms say - WorldNL Magazine
A recent warning from the Financial Action Task Force (FATF) about the rise of stablecoin-related crimes does not pose a threat to the cryptocurrency industry, according to executives at blockchain intelligence firms.The FATF’s call to address rising illicit stablecoin activity reflects a need for close monitoring and analysis rather than an effort to curb their growth, according to executives at Chainalysis and Asset Reality.The global financia…
Global Financial Watchdog Calls for Crackdown on Crypto Crime Amid Rising Concerns
The Financial Action Task Force (FATF) has issued a stern warning to the global community, signaling the need for stricter measures to combat crypto-related crimes. According to the FATF’s latest report, out of 138 countries assessed, only 40 are doing enough to fight illicit activities in the cryptocurrency space. This leaves the rest of the world as a haven for money laundering, cartels, and rogue states. $51 Billion in Dirty Crypto Transactio…
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