The Financial Action Task Force, or FATF, has released a report saying criminals are making greater use of stablecoins in illicit financial activity. The report also calls on jurisdictions to speed up implementation of anti-money laundering standards for crypto. The update was carried by ChainCatcher as a 7x24 newsflash. No additional details were provided in the brief.
According to ChainCatcher, the Financial Action Task Force (FATF) said in a new report that criminals are increasingly using stablecoins for illicit financial activity.
The FATF also called on countries to accelerate the implementation of anti-money laundering standards for crypto.
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