Al Jazeera broke a news story the other day claiming that the Financial Action Task Force (FATF) is, “planning to ramp up oversight of crypto providers,” in relation to its homegrown ‘Grey List’. The Grey List list is a compilation of countries that are ripe for money laundering and other forms of financial fraud, simply because of corruption and because these countries have few anti-money laundering (AML) regulations in place, especially where crypto is concerned, and therefore zero compliance. The Al Jazeera article apparently created a shock wave in the world of decentralized finance (DeFi) with this announcement, causing Coindesk to slyly accuse the FATF of changing the way it monitors digital assets mid-stream, which it denies.

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