<ul data-eligibleForWebStory="true"><li>Global oversight on cryptocurrencies tightens as FATF focuses on stablecoins and DeFi.</li><li>Only The Bahamas complies fully, but many countries are making progress in meeting FATF's anti-money laundering standards.</li><li>Stablecoins and DeFi are deemed high-risk areas due to increasing illicit activities, particularly by North Korean entities.</li><li>Enforcement is lacking, with only four jurisdictions registering DeFi entities and little supervisory action taken.</li><li>Singapore and Hong Kong are ramping up regulations, with Singapore cracking down on unlicensed exchanges and Hong Kong advancing stablecoin legislation.</li><li>FATF cautions that outright bans may not effectively reduce crypto activities and could harm oversight efforts.</li></ul>

Global Crypto Oversight Tightens as FATF Targets Stablecoins and DeFi

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