The Financial Action Task Force (FATF) reports that 73% of eligible jurisdictions have now adopted rules aligned with its crypto-focused Travel Rule, which requires platforms to track and share user transaction data.
While only The Bahamas is fully compliant, dozens of countries have moved closer to meeting FATF’s anti-money laundering standards.
Stablecoins and decentralized finance (DeFi) remain high-risk zones, with FATF citing growing illicit use—especially by North Korean-linked actors.
Despite rising scrutiny, enforcement remains weak: only four jurisdictions have registered DeFi entities, and most haven’t taken supervisory action.
Singapore and Hong Kong are moving quickly to tighten controls. Unlicensed exchanges in Singapore face shutdowns, while Hong Kong has advanced stablecoin legislation. Still, FATF warns that outright bans often fail to reduce crypto activity and instead erode oversight.
New FATF reports on stablecoins, DeFi, and offshore platforms are expected next year, likely shaping the next wave of global crypto regulation.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/global-crypto-oversight-tightens-as-fatf-targets-stablecoins-and-defi/