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lmfao FATF out here like 'yo crypto chill with the money laundering and terrorism financing' but like… they ain't wrong tho?! ๐จ๐ฅ๐ Time for global action… or nah? #FATF
The Financial Action Task Force (FATF) warned about risks associated with virtual assets like money laundering and terrorism financing, stressing the need for urgent global action. They urged countries to strengthen measures against illicit finance of cryptocurrencies, noting that regulatory gaps could have widespread impacts. Despite some progress in regulating virtual assets, many jurisdictions still need to do more. Only 40 out of 138 evaluated jurisdictions were deemed compliant with FATF standards in April 2025. The FATF also expressed concerns about the misuse of stablecoins by illicit actors. ๐#FATF #cryptocurrency #regulation
https://altcoin.observer/fatf-sounds-are-alarms-on-the-gaps-in-the-regulation-of-cryptography/
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