At least CipherTrace lost their bid. That's the only good thing I can say about this.
My question is, when is Coinfirm's system being implemented? Hardly any country -- let alone Malta -- has begun complying with FATF travel rule. Is Binance planning to apply the rule before it even becomes the law of the land? That doesn't seem like something Binance would do.
The $1,000 threshold is pretty scary.
Definitely not, they will want to (and do their best) to delay implementation until the last minute. Do they alert users when such tech starts being used or is that not a necessary disclosure for them to make?..