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Stablecoins Under Scrutiny as Crime Concerns Grow, Say Analysts

  • The Financial Action Task Force's recent alert has sparked discussions on managing stablecoin risks without stifling innovation.
  • Experts advocate for balanced regulation and improved tracking of stablecoin activity to combat growing illicit usage.
  • Calls for bringing digital assets under the same anti-money laundering standards as traditional finance to ensure safety without hindering adoption.
  • Concerns raised over the need for consistent global oversight and enforcement mechanisms to address stablecoin misuse and illicit activities.

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