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Crypto

FATF urges faster enforcement of crypto anti-money laundering rules amid rise in stablecoin crime

The Financial Action Task Force urged countries to speed up enforcement of crypto anti-money laundering standards, citing growing illicit finance using stablecoins. It said most on-chain criminal activity identified in its latest annual review involved dollar-pegged cryptocurrencies. FATF warned criminal networks increasingly use stablecoins to avoid asset freezes and seizures, with some developing their own stablecoins. It noted more jurisdictions have adopted the travel rule but many lag in supervision and enforcement.

Crypto

Bolivia weighs adding USDT to official payment network, raising possibility of parallel use with boliviano and dollar

Bolivia\'s government is reviewing whether to include Tether\'s stablecoin USDT in the country\'s official payment system, potentially allowing it to be used alongside the boliviano and the U.S. dollar. Economy Minister Jose Gabriel Espinosa said authorities are considering a framework covering banks, digital wallets and payment service providers, although USDT currently has no official regulation or legal tender status. Officials cite wider local use of USDT amid a shortage of cash dollars.

Crypto

Nepal crypto trading rises despite ban; IMF urges faster regulation

The International Monetary Fund said crypto-related flows in Nepal have risen sharply despite a legal ban, and urged the country to strengthen oversight and build a regulatory framework. In an annual consultation report, the IMF flagged growing stablecoin and unsecured crypto flows from 2019 to 2024 and estimated significant cross-border activity. It called for rules aligned with international standards and urged Nepal to complete its FATF implementation plan and exit the grey list.