FATF shifts stablecoin oversight to secondary markets, expands monitoring beyond on- and off-ramps: Financial Action Task Force

The Financial Action Task Force (FATF) has shifted its stablecoin regulatory focus from traditional on/off-ramp monitoring to tracking peer-to-peer transactions across personal wallets. Under the new guidelines, stablecoin issuers are now expected to freeze illicit assets directly on-chain, expanding oversight into secondary market activities.

• →FATF moves regulatory focus from deposit/withdrawal monitoring to peer-to-peer transaction tracking.
• →Stablecoin oversight now extends beyond traditional on- and off-ramps to secondary markets.
• →Issuers are now expected to freeze illicit assets directly on blockchain networks.
• →Personal wallet transactions face increased regulatory scrutiny under new guidelines.
• →The shift represents a significant expansion of anti-money laundering monitoring in crypto.