FATF has released an update on anti-money laundering measures in the cryptocurrency sector, underlining the need for international cooperation following significant cyberattacks.
North Korean Hackers and FATF Actions
On June 27, 2025, FATF published a crucial update on anti-money laundering (AML) and counter-terrorist financing (CTF) measures for the virtual asset sector. The report underscores the necessity for strict measures concerning virtual service providers, especially those operating offshore.
FATF reports that North Korean hackers stole $1.46 billion from ByBit, with only 3.8% of the funds recovered. As a result, the organization emphasizes the need for enhanced regulatory cooperation to prevent future instances of illicit activities.
Crypto Market Volatility Amid New Regulations
The tightening of cryptocurrency regulations inevitably reflects in market fluctuations. According to CoinMarketCap, Bitcoin (BTC) is currently priced at $106,967.35 with a market cap of $2.13 trillion, marking a 27.70% increase over the past 90 days but a slight 0.49% decline in the last 24 hours. This volatility highlights the existing uncertainties in the market, especially in light of new regulatory measures.
Expert Opinions on Regulatory Changes
Analysts from the Coincu research team noted that increased regulation may impact centralized exchanges, potentially driving heightened interest in decentralized platforms. Stakeholders are seeking compliance while maintaining operational continuity. Experts believe that such changes could reshape the cryptocurrency landscape in the coming years.
FATF's updates highlight the importance of international cooperation in the fight against money laundering in the crypto sector. Experts anticipate that new regulations will significantly impact the market, prompting participants to adapt to the changes.
