The FATF report emphasizes that it was these crypto acts that became the main tool for conducting illegal transactions. Stablecoins are actively used by terrorist groups, drug cartels and North Korean hackers. In particular, the emphasis is on the widespread use of USDT token in the Tron blockchain ecosystem.
Fatf expresses concern about insufficient regulation in this area. The document notes that only 73% of states introduced the so -called “Travel Rule”, and less than half cover the regulation of decentralized finances (Defi).
In addition, foreign cryptocurrency platforms often do not fall under the jurisdiction of national control bodies. In this regard, the organization insists on urgent strengthening of supervisory mechanisms, improving the exchange of data between countries and introducing compulsory licensing.
Fatf believes that the widespread use of stablecoins in conditions of insufficient control can lead to increased global threats. As the proposed measures, the organization calls the risk assessment associated with Defi, the use of digital assets tracking tools and the creation of systems for freezing suspicious transactions.
At the same time, according to TRM Labs, in 2024 the vast majority of operations with stablecoins – about 99% – were legal. In addition, more than 60% of the total cryptocurrency transactions accounted for these assets. Experts emphasize that concern about the scale of their use for criminal purposes may be exaggerated.
Earlier, journalists of the newspaper Financial Times said that over the past four months, more than $ 9.3 billion in ruble steelcoin A7A5 has passed through the Grinex crypto -tank.
Source: Bits
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