Russia's FATF Rating Downgraded Over Crypto Regulation Shortfalls

[sirty143]

Russia's FATF Rating Downgraded Over Crypto Regulation Shortfalls

The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious transactions within the rapidly expanding realm of digital finance... See more for yourself here.

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[Zed0X]

I don't even want to read the article as Russia wouldn't give a f*ck about a rating coming from an organization controlled mostly by countries that imposed sanctions on them They even suspended Russia's FATF membership right? Why would they even care about their regulatory standards now?

[ABCbits]

It's not surprising FATF downgrade rating for Russia. Although since the news doesn't state impact towards Russia economy, so obviously Russia government don't care about it.