🚨 Crypto News Flash! 🚨

A recent report reveals that most jurisdictions have only partially complied with FATF recommendations for regulating virtual assets. While some progress has been made, significant gaps remain.

Key Findings:

- 58% of jurisdictions have introduced regulations for VASPs.

- Only 42% have fully implemented the FATF’s “travel rule.”

- Major deficiencies in supervision and monitoring persist.

Developed countries lead in compliance, while developing nations face challenges. The report stresses the need for international cooperation to combat financial crime.

💬 What are your thoughts on global crypto regulation? Share in the comments!