"The Financial Action Task Force (FATF) ministers increased pressure on countries to close gaps in digital asset regulation, linking stronger anti-money laundering enforcement to faster action on virtual assets."
"Jurisdictions that lag on crypto rules will face greater scrutiny, as the FATF emphasizes the importance of modernizing defenses against illicit finance."
"FATF did not portray blockchain-based finance as inherently risky, stating that technology, including artificial intelligence, can strengthen supervision and compliance when backed by safeguards."
The Financial Action Task Force (FATF) has intensified its focus on global crypto oversight, urging countries to expedite the enforcement of digital asset regulations. A recent declaration emphasizes the need for stronger anti-money laundering measures linked to virtual assets. Jurisdictions that fail to comply will face heightened scrutiny. The FATF supports responsible innovation in finance, recognizing that technology can enhance compliance when properly safeguarded. The organization continues to advocate for the implementation of its standards for virtual assets and service providers.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]