New 2021 FATF Crypto Guidelines Labelled as Mass Warrantless Surveillance
The Financial Action Task Force (FATF) has released updated draft crypto guidelines. A review of the changes highlights recommendations to increase the mass surveillance of users. The greatest fear of regulatory overreach is that it will stifle innovation and deter privacy-conscious investors from participating. Crypto Under The Spotlight FATF is a global financial watchdog that […]
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Proposals requiring crypto companies to report transactions amount to "mass surveillance" and flout the Fourth Amendment.
Dave Jevans, the CEO of crypto analytics firm CipherTrace, warned that regulators are looking to equalize compliance rules between decentralized and centralized exchanges. The knock-on effect poses questions on the operational feasibility of the segment and the DeFi platforms and protocols. Q: Based on the new FATF draft guidance, it sounds as if a “DEX […]
Continuously expanding surveillance on financial transactions has no place in Bitcoin.
What is “privacy”? Is there a right balance between privacy and mass surveillance? Does it matter, and if so, why? Are you a “bad” person if you want privacy? The story of Anne Frank illustrates the parallels between modern global surveillance and the Nazi. A Panopticon is a prison architectural model designed for the maximum efficiency of mass surveillance. Developed by 18th century social theorist Jeremy Bentham, a Panopticon consists of a cylindrical structure with an "inspection house" at its center. From there, a guard can easily watch all inmates, whose cages are always in open view....
The new Hungarian criminal process law will make it possible to confiscate Bitcoins and other virtual currencies from suspects even in the early stages of the criminal process. Experts say the new rule proposal, which was made available for reading in February is in accordance with the international AML (anti-money laundering) regulations, even in the field of cryptocurrencies. Mass surveillance. According to experts, the passing of the bill will fundamentally change the face of the criminal process and will make mass surveillance legal in Hungary. The authorities will be able to use....