The Financial Action Research Group, commonly known as FATF, reported that its representatives had agreed on a plan to "promote the immediate implementation" of global norms on digital currencies around the world.

In a publication on February 24th, FATF said a plenum of financial regulators made up of representatives from several jurisdictions was held in London and agreed on a road map aimed at improving "the implementation of FATF standardization for virtual assets and virtual asset service providers". According to the research group, in 2024, this will report the progress of FATF team members in the implementation of login password specifications, as well as strict supervision and guidance on VSP.

"many countries lack strict regulation of virtual assets, creating opportunities for criminal suspects and donors of terrorist organizations," the report said. " Since October 2018, when FATF promoted proposal 15 to alleviate the difficulties of virtual assets and virtual asset service providers, many countries have been unable to implement this newly revised regulation, including "travel rules" that provide for the acquisition, possession and transmission of information about sponsors and beneficiaries related to the sale and purchase of virtual assets.

Part of FATF's Travel rules includes a proposal for appreciation service providers, financial companies and supervised entity lines in the group jurisdiction to obtain information about the initiators and beneficiaries of digital currency transactions. As of April 2022, financial regulators reported that many countries had not complied with their tough crackdown on support for terrorist organizations and compliance management.

Japan, South Korea and Malaysia seem to be among the countries that want to enforce regulations in accordance with tourism standards. It is reported that some countries, including Saudi Arabia and North Korea, are listed on the FATF's "grey list" list for regulating abnormal financial activities.