FATF’s latest VASPs report exposes major gaps in virtual asset compliance, rising stablecoins misuse and weak cross-border supervision, calling for urgent global enforcement and coordinated action

The FATF’s 2025 targeted update on virtual assets and virtual asset service providers (VASPs) highlights that most jurisdictions have yet to fully implement AML/CFT requirements, including the Travel Rule. The report calls for urgent action to strengthen supervision, close regulatory gaps, and enhance international coordination to mitigate the risks of misuse of virtual assets for illicit finance…