Cryptocurrencies
Crypto Stablecoins Face Increasing Regulatory Scrutiny
- Regulator FATF calls for digital exchanges to police the coins
- Coins seen posing money laundering, terrorism financing risks
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Tether and other so-called cryptocurrency stablecoins have long flown under the radar of international regulators. That’s about to change.
The Financial Action Task Force, with members from about 200 countries who recommend ways to stop money laundering and the financing of terrorism, said in a report Tuesday that stablecoins need to comply with standards to guard against both practices.