Post
Topic
Board Bitcoin Discussion
Re: INTERNATIONAL ANTI-MONEY LAUNDERING STANDARDS FOR CRYPTO
by
audaciousbeing
on 21/09/2018, 16:15:35 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

Reading the article, I would conclude that its just a mere speculation on their own part to send some panic into the market and see the overall effect when they are coming with their proposal and more so I feel its a way to send the message to the market that the money bags should start looking elsewhere and by the time they launch, they can claim credit for its effectiveness whereas their target culprit had already left the market for them.

When this come into play, nothing significant is expected to change in the short term because countries that are members would be expected to come up with their own framework for implementing the proposals.