Crypto challenge unresolved, need partners beyond regulators: FATF VP

MUMBAI: Vivek Aggarwal, the first Indian bureaucrat elected to the Financial Action Task Force (FATF), said risks from virtual assets, which include crypto, remain unresolved, particularly because of decentralised peer-to-peer transactions and gaps in anti-money laundering and counter-terror financing regulation across jurisdictions. He called for stronger partnerships through FATF workstreams and at the national level to tackle virtual-asset risks and technology-enabled fraud, saying such threats can no longer be tackled by regulators alone.

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