Global Watchdog Urges Tougher Crypto Crime Rules
The global Financial Action Task Force (FATF) today urged countries to strengthen regulation of virtual assets to combat money laundering and illicit finance. While progress has been made since 2024, many gaps remain—particularly in cross-border transfers and enforcement. The Paris-based watchdog emphasized that without urgent action, loopholes in crypto oversight could undermine global financial integrity.
Why it matters: Stricter crypto regulation could shift market dynamics dramatically—raising compliance costs and forcing exchange alignment, but also legitimizing institutional investment.
Extra insight: Some emerging markets, like Bolivia, are ramping up crypto adoption (crypto volumes up ~530%) as fiat currencies weaken—highlighting both innovation and financial risk