FATF flags stablecoin P2P transfers as sanctions evasion risk
Peer-to-peer transfers made through self-custody crypto wallets are a key weak point in the stablecoin ecosystem because they can take place without a regulated intermediary, the Financial Action Task Force (FATF) said in a new report urging countries to tighten oversight as stablecoins spread into payments and cross-border transfers.
P2P stablecoin transfers seen as regulatory blind spotIllicit activity by crypto asset type. Source: Chainalysis
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