Post
Topic
Board Bitcoin Discussion
Re: INTERNATIONAL ANTI-MONEY LAUNDERING STANDARDS FOR CRYPTO
by
jjacob
on 21/09/2018, 13:10:15 UTC
The Financial Action Task Force (FATF) recently said it is about achieving the goal of setting a set of Anti-Money Laundering (AML) standards for Cryptocurrencies that can be implemented globally, for me this is good news, what do you think? See link below:
https://cointelegraph.com/news/international-anti-money-laundering-standards-for-crypto-expected-in-october

The FATF probably has no clue about what they are talking about. They don't understand decentralization. You cannot have AML norms implemented for all cryptocurrencies. At best, you could have such regulations at centralized exchanges and payment processors. That really doesn't go the full distance.