Countries on the Financial Action Task Force (FATF) grey and black lists are turning to stablecoins and other digital solutions to facilitate cross-border trading as an alternative to addressing the deficiencies in their ant-money laundering and counter financing of terrorism (AML/CFT/) obligations, according to a report on the Find.co web site.

The site focused on cryptocurrencies, business, finance and technology, points out that Southeast Asian countries on the FATF grey and black lists include the Philippines, Vietnam, and Myanmar, and reports that they are actively engaged in seeking parallel solutions to regulatory compliance in the conventional global financial system.

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