FATF Reports 83% of Jurisdictions Have Advanced Crypto Regulation and Travel Rule Implementation

According to the Financial Action Task Force (FATF), 83% of examined jurisdictions have advanced cryptocurrency regulation and travel rule implementation, with 11 jurisdictions still working toward compliance, according to the organization's latest update on virtual asset and virtual asset service provider (VASP) standards. FATF emphasized that jurisdictions must continue regulatory oversight, licensing, and registration of VASPs to close gaps exploited by threat actors for illegal purposes.
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