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RE: The Fifths ANTI-MONEY LAUNDERING Directive (AMLD5) - how will it affect us all?

in Project HOPE4 years ago

Hi appreciated Piotr.

The first thought that comes to my mind is: "Why is it going to be the fifth directive, what happened to the previous four?"

I am aware of the crude attack that certain governments and agencies have deployed for several years against all activity related to cryptography. Last year we could see how American citizens received notifications about the payment of taxes applied to their crypto assets. Raw words of powerful presidents assuring that "Btc is not real money, only Usd is real money."

The main value of blockchain technology lies in decentralization and all that it entails, financial freedom and Decentralized Finance, for example.
This undermines the seeds of traditional financial structures that are what sustain the economies of the world's governments.

There is a real possibility that the facade of the fight against terrorism and money laundering is being used to try to affect the freedoms that blockchain technology has given to the citizens of the world. Not only is AMLD, it is also the FATF and other international organizations that want to end anonymity and the growing number of P2P, B2B transactions.

So I don't think Steem blockchain is affected by these measures. I imagine that the main objectives should be the biggest exchanges.

Your friend, Juan