FATF: About three-quarters of jurisdictions have not fully complied with anti-money laundering recommendations for virtual assets

ChainCatcher news, according to News.bitcoin, based on data from the Financial Action Task Force (FATF), 97 out of 130 jurisdictions "partially or not at all" comply with anti-money laundering recommendations for the virtual asset sector. 88 jurisdictions (60%) have decided to allow virtual asset service providers (VASP), while 14% (20 jurisdictions) explicitly prohibit them. The FATF claims that stablecoins and privacy-enhanced cryptocurrencies are increasingly being used by terrorist organizations and "rogue states."