Head of Financial Action Task Force: Less than 30% of jurisdictions worldwide have begun regulating cryptocurrencies

PANews March 28 news, according to CoinDesk, Financial Action Task Force (FATF) Chairman T. Raja Kumar said that less than 30% of jurisdictions around the world have begun to regulate cryptocurrencies. The findings come from a report exploring which jurisdictions comply with FATF recommendations. The statistic has been dubbed a "call to action" and is intended to prompt countries to take the issue seriously. The report noted that the lack of regulation of cryptocurrencies “provides significant vulnerabilities for criminals and terrorists,” and underscored the urgency for greater regulation globally.