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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 22/03/2018, 16:44:39 UTC
Given the behaviour of some of the more prolific commentators in this community, I am backing off from trying to elevate the debate into more interesting areas around KYC and AML.

I set up an account because I wanted to participate in some good debate, and there have been some good contributions from some people.

The constant childlike behaviour of some is ridiculous.

Completely agree with the comments from Stealth8368 about the FUD being spread.

We need a moderated platform so that we can have an informed and sensible debate.
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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 19/03/2018, 14:28:40 UTC
Right, back to elevating the debate.

Mark Carney, Bank of England Governor and Chair of the Financial Stability Board, has written to the G20 Finance Ministers and Central Bank Governors.

It's worth reading page 2 at a minimum http://www.fsb.org/wp-content/uploads/P180318.pdf

Crypto-assets

Responding to the concerns of members, the FSB has undertaken a review of the financial stability risks posed by the rapid growth of crypto-assets.

The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time. This is in part because they are small relative to the financial system. Even at their recent peak, their combined global market value was less than 1% of global GDP. In comparison, just prior to the global financial crisis, the notional value of credit default swaps was 100% of global GDP. Their small size, and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions, has meant the linkages to the rest of the financial system are limited.

The market continues to evolve rapidly, however, and this initial assessment could change if crypto-assets were to become significantly more widely used or interconnected with the core of the regulated financial system. For example, wider use and greater interconnectedness could, if it occurred without material improvements in conduct, market integrity and cyber resilience, pose financial stability risks through confidence effects. To support monitoring and timely identification of emerging financial stability risks, the FSB will identify metrics and any data gaps.

Crypto-assets raise a host of issues around consumer and investor protection, as well as their use to shield illicit activity and for money laundering and terrorist financing. At the same time, the technologies underlying them have the potential to improve the efficiency and inclusiveness of both the financial system and the economy.

Relevant national authorities have begun to address these issues. Given the global nature of these markets, further international coordination is warranted, supported by international organisations such as CPMI, FATF and IOSCO.

• The FSB will identify metrics for enhanced monitoring of the financial stability risks posed by crypto-assets and update the G20 as appropriate.
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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 17/03/2018, 12:25:01 UTC
Quote from: Stealth8368 on March 17, 2018, 11:06:36 AM
I think it’s fair to say AML Bitcoin attracts a different kind of investor than most of the crypto currency out there,I put us in with ripple but with a decentralised approach  and as such we will incur FUD from those that want a currency with untracable payments and cutting out banks altogether,I myself would love this but let’s be honest it’s very unlikely to happen,who knows where this new tech will take us but u can be sure regulation is coming and those coins like AML Bitcoin will look very attractive to investors  when it does,for me the holy grail is owning your crypto and been protected from getting hacked and coins stolen,Billions  have been stolen from crypto investors so far and hacks are getting bigger,we don’t here so much about smaller personal hacks but it happens daily,AML Bitcoin solves this problem and many more.

Well said.
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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 16/03/2018, 14:46:22 UTC
Quote from: The Big C on March 15, 2018, 01:04:25 PM
Something to keep your eyes on when it comes to media. The G20 summit will happen in a matter of days march 19-20 to be exact. A clearer definition of regulatory frame work is expected to emerge from these talks. It would not surprise me if news from the ABTC team would follow. Its impossible too be certain, so this is a speculative analogy. Either way regulatory clarity will be beneficial. I expect there to be firm definition placed upon cryptos i.e. whether they exist in the security of commodity categories. Judging purely by existing definitions most currency type coins should fall into the commodity category. I believe these types of labels will assist the accredited and institutional investor in feeling more secure about the future of crypto. A clear regulatory frame work is essential if the masses are going to start providing use cases for digital currency. Keeping this mind ABTC has positioned itself to preemptively comply with any possible outcome. I truly believe I've invested in the right platform.

I completely agree with you that it's a key source of announcements and direction for the next 12-24 months.  They have to come out with something.

It will be interesting to see if the G20 direct the OECD as they have in the past to come up with an overarching regulatory framework.  Mind you anything they decide will take a long time to be implemented and would have to be passed as domestic regulations based on international standards.  There is plenty of precedence for this.

So before that comes in there will be a complete mismatch of domestic regulations.

Which just means that there will be more opportunities for ABTC.

So many countries are playing regulatory catch up to try and attract business.  Both France and Spain fall into this group.

Clear regulatory leaders are Singapore, Switzerland and UK.

One leading player to watch is Christine Lagarde, IMF Head.  If anyone doubts this, read https://blogs.imf.org/2018/03/13/addressing-the-dark-side-of-the-crypto-world/
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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 15/03/2018, 12:32:32 UTC
Quote from: The Big C on March 15, 2018, 02:58:38 AM
Quote from: Sloowdown on March 15, 2018, 01:10:21 AM
Quote from: Mark25 on March 14, 2018, 11:23:19 PM
I've been reading a ton of articles about the future of bitcoin and I feel very optimistic about AML's place in the cryptocurrency world and the direction they seem to be going in.

This ICO is nothing short of revolutionary and I am looking forward to seeing where this investment takes me.

I have had no issues contacting customer support throughout the entirety of this process and I know our patience through the bumps in the road will be rewarded once the exchange goes live.

Hello new new account haha these guys are amazing with these new accounts. It is not convincing at all guys. Its like a joke to keep making these accounts with the bullshit info.
Pay no attention to the lunatic in the room. He thinks the sky is falling. And aliens are replacing our government with lizard people. I'm pretty sure he thinks the earth is flat to.

Quite honestly I will miss the entertainment when he finally gives up.

Before he goes accusing us all of being brand new accounts and all generated by the same source, perhaps he might want to realise that his account is younger than some of ours.

My account was registered:   October 13, 2017

Sloowdown registered his on December 15, 2017.

So we're all newbies. 

In any community 90% of people are generally 'lurkers'.  They watch and learn from the sidelines.
Of the remaining 10%: 1% are the main contributors and 9% respond.

So in any community there will always be new accounts, or even older accounts like mine that are not very active, but we do surface every now and again.

I'll repeat myself let's turn down the negative rhetoric.

Even better: I request other readers here to ignore the negativity and post positive messages about ABTC and AML/KYC in general.

Let's drown out the trolls.
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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 14/03/2018, 17:39:08 UTC
Two points:

1) A lot of people like me will have new accounts because we didn't need accounts on here before.  I started investing in cryptos and ICOs early in 2017.

The fact that so much negativity and potential damage is being done, means that I have started to comment to address some of the misinformation or trolling.

2) There is a groundswell of information / comments coming from regulators across the globe that mean ABTC is in the right place, at the right time.

Read: https://www.finextra.com/pressarticle/73000/imfs-christine-lagarde-calls-for-crackdown-on-crypto-criminals

So to repeat myself:

Can we lose the negativity and get on with the positives for ABTC now?

There are enormous opportunities ahead for AML / KYC cryptos.
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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 13/03/2018, 17:00:43 UTC
It's easy for folks to trash anything when they hide behind an online persona.  [No names mentioned]

Can we lose the negativity and get on with the positives for ABTC now?

This ICO is no different to almost all of the others I have invested in.

The management has a job to do and we need to let them get on with it.

Getting an exchange listing cannot be easy with the regulatory changes that have come through.

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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 02/03/2018, 10:41:16 UTC
As an early investor in phase 1, I've been reading the comments here and on telegram.

Pleased to say that my wallet updated overnight, so to all those with negative views, I now have ABTC in my wallet.

Was I worried about distribution timing?  No.  From the sale end to distribution I have had other ICOs take much longer.

Looking forward to the next steps in this AML journey.
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Re: [ANN] AML BitCoin Token Sale is now LIVE !
by
Crypto2050
on 15/02/2018, 11:10:55 UTC
Quote from: itaintrite on February 15, 2018, 09:34:52 AM
any news or updates? Why havent we still received our tokens yet?

Every other sale that I have participated in has always had a period between the sale end and distribution.  Normally for things like audit, preparation of token distribution etc.  There will be admin that they need to do.