FATF Publishes Report on Stablecoins and Unhosted Wallets
The Financial Action Task Force emphasized monitoring peer-to-peer transactions and digital asset risks in its March 2026 report, accessible via Japan’s Financial Services Agency website.
Summary
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Terms & Concepts
Financial Action Task Force (FATF): An intergovernmental body developing policies to combat money laundering and terrorism financing.
Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like the U.S. dollar.
Unhosted Wallet (P2P): A digital wallet that allows users to store and transfer cryptocurrency without a third-party intermediary.