This report provides a systematic analysis of the evolving international oversight of crypto-assets, based on FATF standards and the regulatory practices of the EU and US. The research focuses on the transition from fragmented responses to proactive strategies targeting the infrastructural layers of the crypto market. It details areas of priority pressure, including tightened control over stablecoins, OTC operations, and non-custodial services. Special emphasis is placed on the expanded concept of “facilitators,” which aims to hold technical intermediaries and protocol developers accountable. The report highlights the risks of retrospective transaction assessments and the long-term erosion of user autonomy amid the convergence of banking and crypto regulation.
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