The Financial Action Task Force agreed to review jurisdictions with persistent gaps in virtual asset oversight, according to a November 6 US Treasury readout. The review is intended to inform decisions at a later FATF plenary. It is not a new global cryptocurrency ban, and the published outcome does not name a complete list of jurisdictions to be penalized or impose a particular sanction.
Treasury also said FATF adopted mutual evaluation reports for the United States and Mexico and advanced work on scam centers. Any added scrutiny or changes to compliance requirements will depend on later decisions and on what governments enact and enforce.
