cryptoaml

FATF Crypto Checklist Signals Looming Global Crackdown on Stablecoins and DeFi

The Financial Action Task Force (FATF) has issued a targeted checklist that hints at a sweeping regulatory crackdown on crypto, particularly focusing on stablecoins and decentralized finance (DeFi). The report reveals that while 73% of jurisdictions have adopted the Travel Rule, only 29% are largely compliant with the FATF’s broader crypto standards. The agency flagged weak enforcement, lack of licensing, and insufficient risk assessments as critical gaps. With just one country fully compliant, FATF's message is clear: non-compliant virtual asset service providers (VASPs), offshore platforms, and unregulated DeFi protocols will face heightened scrutiny and regulatory action. The checklist is being interpreted as a roadmap for what’s to come, likely signaling stricter global oversight by mid-2026.

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No Sneaky Vikings Allowed: Norway Demands Your Crypto Exchange Fills Out Its Paperwork and Follows the Digital Anti-Money Laundering Rulebook! $GIGGLE
📝 Norway also requires exchanges and crypto service providers to register with the supervisory authority (e.g., Financial Supervisory Authority of Norway) and comply with anti-money laundering (AML) regulations.
#BinanceHODLerALLO
This strict approach ensures a level of accountability and consumer protection in the booming digital asset market.

It's their way of bringing the 'Wild West' of crypto into the disciplined, transparent world of Nordic finance.
$DOT
If you're running a crypto business servicing Norwegian clients, be ready for the detailed compliance checklists – they take their financial cleanliness and preventing illicit fund flows very seriously!
$DOGE
This ultimately creates a safer, albeit more regulated, environment for all traders. #CryptoAML #NorwayRegs #FinancialCompliance #BinanceSquare