Stablecoins could lead to “mass adoption” of crypto, more crime, says FATF

Stablecoins could lead to “mass adoption” of crypto, more crime, says FATF

The Financial Action Task Force (FATF) is once again coming after cryptocurrency-and this time, the global regulatory body is taking aim specifically at stablecoins, such as Facebook’s Libra. According to Reuters, the FATF is taking the position that stablecoins have the potential to cause widespread and even global adoption of digital money-“the mass adoption of cryptocurrencies and peer-to-peer transfers.”