FATF Urges Countries To Tighten Crypto Oversight Amid Illicit Stablecoin Use - Arise News
FATF warns criminals exploit stablecoins and regulatory gaps, urging stronger global oversight. The IMF noted Nigeria accounts for 60% of stablecoin inflows into sub-Saharan Africa, risking 'digital dollarisation'. FATF found 83% of surveyed jurisdictions adopted the Travel Rule, but enforcement remains uneven.
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