FATF: 83% of Surveyed Jurisdictions Have Advanced Crypto Regulation and Travel Rule Implementation
2026-07-20 10:34
Odaily reports that the Financial Action Task Force (FATF) has released its seventh targeted update on the implementation of standards for virtual assets and virtual asset service providers, stating that 83% of surveyed jurisdictions have advanced their crypto regulation and Travel Rule implementation, while another 11 jurisdictions are still progressing related work.
The FATF stated that jurisdictions need to continue advancing the supervision, licensing, and registration of Virtual Asset Service Providers (VASPs) to close gaps exploited by threat actors for illicit purposes. The report also highlighted challenges in regulating offshore VASPs and cases of stablecoin misuse, including a money laundering node in Cambodia that issued and promoted a stablecoin claiming to be resistant to asset freezes.
The FATF stated that jurisdictions need to continue advancing the supervision, licensing, and registration of Virtual Asset Service Providers (VASPs) to close gaps exploited by threat actors for illicit purposes. The report also highlighted challenges in regulating offshore VASPs and cases of stablecoin misuse, including a money laundering node in Cambodia that issued and promoted a stablecoin claiming to be resistant to asset freezes.
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