FATF: Targeted report on stablecoins and unhosted wallets - peer-to-peer transactions

The report highlights that only a limited number of jurisdictions have implemented targeted regulatory frameworks for entities operating within the stablecoins ecosystem. The FATF Standards do not require jurisdictions to adopt regulatory frameworks for stablecoin arrangements beyond those already applicable to VASPs, but FATF urges countries to recognise the specific money laundering, terrorist financing and proliferation financing risks associated with stablecoins.  The report also sets out a number of good practices for jurisdiction and the industry sector.