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Financial Action Task Force Updates DeFi Guidance Amidst Sector Growth

Financial Action Task Force Updates DeFi Guidance Amidst Sector Growth

In July 2026, the Financial Action Task Force (FATF) released a 'Targeted Report on Regulatory Challenges from Decentralised Finance (DeFi)', updating its 2021 guidance to address the rapid growth and evolving risks in the DeFi sector. The report clarifies the application of FATF Standards to DeFi arrangements, identifies implementation gaps across jurisdictions, and offers recommendations for regulators, DeFi participants, and Virtual Asset Service Providers (VASPs) to enhance Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) oversight. The report emphasizes that DeFi arrangements fall under FATF Standards when a natural or legal person exercises control or significant influence, while truly decentralized protocols remain outside their scope. It also highlights that few jurisdictions have assessed DeFi-related risks or established dedicated supervisory frameworks, despite the sector's growth.
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FATF Warns DeFi Sector Vulnerable to Money Laundering and Fraud

FATF Warns DeFi Sector Vulnerable to Money Laundering and Fraud

The Financial Action Task Force (FATF) has issued a warning regarding the increasing use of decentralized finance (DeFi) by fraudsters, ransomware operators, and money laundering networks. According to a recent report, 93% of the 143 jurisdictions surveyed have not implemented FATF's anti-money laundering standards for DeFi. The report highlights vulnerabilities in the DeFi sector, such as permissionless access and limited user identification, which make it susceptible to criminal exploitation. Notably, two cyberattacks attributed to North Korea in April 2026 accounted for 76% of virtual asset hacking losses this year, totaling over $570 million. FATF President Giles Thomson emphasized the need to prevent the misuse of emerging technologies while supporting their legitimate use.
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Stablecoin Supply Declines by $14 Billion Amid New U.S. Regulations

Stablecoin Supply Declines by $14 Billion Amid New U.S. Regulations

Stablecoin Supply Declines by $14 Billion Amid New U.S. Regulations
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GENIUS Act Implementation: Banking Regulators Race to Finalize Rules for Stablecoin Issuers

GENIUS Act Implementation: Banking Regulators Race to Finalize Rules for Stablecoin Issuers

GENIUS Act Implementation: Banking Regulators Race to Finalize Rules for Stablecoin Issuers
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Bernstein Warns of Crypto Market Selloff if Clarity Act Fails

Bernstein Warns of Crypto Market Selloff if Clarity Act Fails

Bernstein Warns of Crypto Market Selloff if Clarity Act Fails
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Trump accounts were closed in 2021 due to concerns over possible money laundering, Capital One says

Trump accounts were closed in 2021 due to concerns over possible money laundering, Capital One says

Capital One closed President Donald Trump’s accounts in mid-2021 after flagging financial activity that resembled money laundering
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Capital One Closes Trump Organization Accounts Amid Money Laundering Concerns

Capital One Closes Trump Organization Accounts Amid Money Laundering Concerns

Capital One has disclosed that it closed the Trump Organization's bank accounts following an anti-money laundering review. This marks the first formal connection between money laundering concerns and President Trump's family business by a financial institution. The bank's decision, made after months of analysis by its anti-money laundering team, is part of a broader scrutiny of financial practices associated with the Trump Organization. The organization has filed a lawsuit against Capital One, alleging the closures were politically motivated, but the bank maintains the decision was based on regulatory compliance.
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IOSCO Standards Drive Changes in Vietnam's Credit Rating Regulations

IOSCO Standards Drive Changes in Vietnam's Credit Rating Regulations

Vietnam is set to enhance its credit rating regulations by aligning with the International Organization of Securities Commissions (IOSCO) standards. The amended Securities Law and Decree No. 245/2025/ND-CP mandate that corporate bonds, both public and private, undergo credit rating starting January 1, 2026. This move aims to improve the quality, independence, and accountability of credit rating activities. The draft decree replacing Decree No. 88/2014/ND-CP focuses on operational quality, conflict of interest control, and adherence to IOSCO standards. The changes are expected to impact investor decisions significantly as the scope of credit rating applications expands.
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Coinbase CEO Brian Armstrong Remains Optimistic Despite Clarity Act Delays

Coinbase CEO Brian Armstrong Remains Optimistic Despite Clarity Act Delays

Coinbase CEO Brian Armstrong Remains Optimistic Despite Clarity Act Delays
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Japan's Potential Currency Intervention Could Impact Bitcoin Market

Japan's Potential Currency Intervention Could Impact Bitcoin Market

Japan is considering a joint currency intervention with the United States, which could lead to significant market shifts. The intervention aims to stabilize the yen and address rising Treasury yields, which have implications for global financial markets. Japan's Finance Minister Satsuki Katayama is expected to announce the intervention, which may involve using the Federal Reserve's repurchase facility to raise dollar liquidity without selling US Treasuries. This move is part of a coordinated effort to manage inflation and maintain fiscal stability, with potential ripple effects on the cryptocurrency market, particularly Bitcoin.
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Ben McKenzie Says Major Streamers Were Scared to License His Anti-Crypto Documentary, So He Found a Different Way to Reach Audiences

Ben McKenzie Says Major Streamers Were Scared to License His Anti-Crypto Documentary, So He Found a Different Way to Reach Audiences

Ben McKenzie believes he knows why the major streaming services weren’t interested in licensing “Everyone Is Lying to You for Money.” His new documentary takes on the cryptocurrency industry, portraying the controversial digital currency as corrupt and in dire need of more regulations. But the film is being released as President Donald Trump has profited […]
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FATF Places Myanmar on High-Risk List Amid Illicit Finance Concerns

FATF Places Myanmar on High-Risk List Amid Illicit Finance Concerns

The Financial Action Task Force (FATF) has placed Myanmar on its high-risk jurisdiction list due to significant concerns over illicit finance activities, including money laundering, terrorist financing, online scams, and cyber-enabled fraud. Despite these concerns, Myanmar has made notable progress by completing 13 out of 15 action items under the FATF Action Plan since October 2022. The country has established a national committee to combat online fraud and has strengthened regional and international cooperation. Additionally, Myanmar has prohibited cryptocurrencies as legal tender since 2020 and claims that no evidence has been found of cryptocurrency proceeds from online scams entering its regulated financial system.