The FATF Is Loading The Gun
Continuously expanding surveillance on financial transactions has no place in Bitcoin.On paper, the Financial Action Task Force (FATF) was created more than 30 years ago by G7 countries to fight organized criminal and narcotic financial flows. The intergovernmental organization describes itself as a “dynamic contributor to peace and security” and issues recommendations that most countries transpose into national laws.In practice, it’s a totally different story than just laudable intentions with limited effects on society. The FATF can decide to arbitrarily place jurisdictions on gray and....
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Regulators like the FATF are going to continue to make decisions surrounding Bitcoin, so Bitcoiners should seek to have input.
The Financial Action Task Force (FATF) has published an update on their virtual assets and virtual asset service provides guidance with a special focus on the DeFi sector. A market gaining more attention from regulators and government agencies around the world, the FATF proposal could usher a new crackdown on crypto and related companies. Related […]
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 […]
“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization. The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Laundering, or AML.In an update released Thursday on the “Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers,” the FATF reported the “vast majority” of jurisdictions assessed by the organization’s....
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