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The Financial Action Task Force (FATF) has raised concerns over rising illicit stablecoin activity, urging regulators to enhance monitoring. Blockchain executives argue this reflects a need for oversight, not a threat to crypto growth.
- FATF warns regulators about rising illicit stablecoin transactions but does not aim to curb crypto growth.
- Blockchain executives argue enhanced monitoring, not restrictive measures, is needed to address risks.
- Stablecoins' mass adoption requires balancing innovation with financial crime prevention.
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