The FAFT claimed that these standards are important in order to avoid the use of virtual currencies for illegal transactions.
The Financial Action Task Force is an inter-governmental body which was established in 1989. Its duty is to set standards and enhance effective implementation of legal, operational, and regulatory measures in the fight against money laundering, terrorist financing and other related threats to the integrity of the international financial system.
The 35 member countries are:
Greece, Argentina, Brazil, Iceland, Germany, Austria, Finland, Australia, Belgium, Denmark, Canada, Israel, China, Japan, France, Greece, India, Luxembourg, Spain, Russian Federation, Norway, Italy, Republic of Korea, Netherlands, Mexico, Turkey, New Zealand, Singapore, Malaysia, South Africa, the U.K, the U.S, Portugal, Switzerland, Germany
Complete article:
https://cryptoshib.com/35-countries-regulate-crypto-exchanges/