As many nations have failed to comply with its previous demands, the Financial Action Task Force (FATF) has agreed on an action plan to promote timely global implementation of FATF standards on crypto assets. To ensure that its recommendations are implemented globally, the FATF relies on a network of regional organizations called FATF-Style Regional Bodies (FSRBs). The FATF will produce a report on the efforts that FATF members and FSRB nations with substantially important virtual asset activity have made to impose regulations and oversee virtual asset service providers in the first half of 2024. News Sorce

Block production on the open-source layer-1 blockchain Solana slowed down on February 25 as a result of a validator software update. Around 6:00 AM (UTC), a technical problem forced validators to downgrade to version 1.13 in an attempt to restore transactions. A root cause analysis is still being carried out by engineers. The Solana network is currently restarting, and to resume operations is necessary 80% of active stake online. Following the incident, Solana’s validators talked about a fix for it for a few hours, illustrating how decentralized the network is. News Sorce