According to CoinDesk, a statement issued by the global anti-money laundering regulator FATF said that nearly three-quarters of jurisdictions only partially comply with or do not comply with FATF's requirements on virtual assets.
An upcoming report from the FATF will urge jurisdictions to close loopholes, focusing on new risks posed by decentralized finance and peer-to-peer transactions that do not use regulated intermediaries such as wallet providers.