The FATF, which includes 37 member countries, made the ruling as part of a series of recommendations to improve cryptocurrency regulations around the globe. The group cites the necessity to combat money laundering as their primary motivation, although free-market and privacy advocates are pushing back against the controversial decision.
Interesting article about what could be regulations in the crypto market. Sounds to me like the regulators think crypto is going to be here for the long term and they'd better start learning to live with it, instead of trying to fight to stop it like they did before. The funny thing is I think that a little regulation will drive more people to the market instead of scare them away, people will feel that their money is safe, I'm not sure that's what the regulators are aiming for though, lol.
Read the full story here....
https://www.cryptoglobe.com/latest/2019/06/fatf-cryptocurrency-exchanges-june-21-2019/
Money laundering? No way, lol, nobody does that more than the banks themselves. Deutsche, Danske, and the list goes on...they're paying billions in fines, which is just a slap on the wrist, and they keep doing it b/c they make 10x by doing it. More likely, they're aiming for the taxes, they want the info so they can go after peeps...Like Mosac Fonseco and Panama Papers, now they're prosecuting those disclosed for tax invasion...
Yeah, well said!
I think long term the banks are in trouble, just a matter of how long 'long term' is.....
Bitcoin is around $9,930 right now.....
Bitcoin is around $10,150 right now...🔥🔥🔥 🚀 🤣
I hoping we get a pullback under $10,000, I found a couple dollars I want to buy some more bitcoin with.....
Seems like a series of unfortunate events, lol; it's a
longshot atm for such pullback to happen; one can onlylongto golongbelow 10K for now, lol...Murphy's Law, where were the monies 3 days ago when you needed them the most, eh....? 😉If I really wanted bitcoin to go back below $10,000 all I'd have to do is buy more at these prices, lol
Classic rekt recipe!🤣
You got a 8.87% upvote from @spydo courtesy of @mistia! We offer 100% Payout and Curation. Thank you.