1. FATF Warns Stablecoins Emerge as Primary Tool for Sanctions Evasion, Bypassing AML via P2P Transfers
The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has issued a warning that stablecoins are increasingly being used as a primary tool for sanctions evasion. According to the FATF, peer-to-peer (P2P) transfers of stablecoins conducted through self-custody wallets can e...