FATF sounds alarm over rising stablecoin misuse as global crypto rules lag
The Financial Action Task Force (FATF) said in a report released this week that global efforts to regulate virtual assets and service providers have improved but remain incomplete, with illicit use of stablecoins accelerating sharply in 2025.
The intergovernmental watchdog’s sixth targeted update on the implementation of its standards found that although 73% of jurisdictions surveyed have passed laws enforcing the so-called Travel Rule for crypto transfers, enforcement remains limited.
The report noted that out of the 85 countries with Travel Rule laws, nearly 60% have yet to issue compliance findings or directives.
The report also highlighted a record-breaking $1.46 billion virtual asset theft this year by North Korean actors from…
