Crypto Regulations INCOMING! Here's What They Could Look Like
As I've said before, the crypto bear market presents lots of opportunities to those who continue to pay attention.
Unfortunately the same applies to anti-crypto institutions like the FATF which has been hard at work rolling out its so called "recommendations" that are slowly becoming regulations around the world.
For those unfamiliar, the Financial Action Task Force or FATF is an international organization that basically bullies countries into passing regulations related to money laundering, terrorist financing, and anything else that threatens the integrity of the existing financial system. Crypto's purpose is to replace the financial system, so FATF considers it to be enemy #1.
If you're wondering just how powerful the FATF is, all the stuff around KYC, tracking transactions, and providing detailed information about crypto withdrawals and deposits lie downstream from the FATF's recommendations. Their endgame is to turn crypto into another arm of the financial system by designating anything involving privacy or peer to peer as high risk.
The worst part of this all is that there's no evidence that the FATF's recommendations and their resulting regulations have done anything at all. That's why today I took some time to not just unpack what's in the FATF's latest compliance report, but also dig into the facts and stats about the effectiveness of its decrees.
Make no mistake, this is a video you cannot miss!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► FATF Full Report: https://www.fatf-gafi.org/publication...
► Travel Rule Explained: https://www.coindesk.com/learn/whats-...
► FATF Money Laundering FAQ: https://www.fatf-gafi.org/faq/moneyla...
► United Nations Money Laundering: https://www.unodc.org/unodc/en/money-...
► Anti Money Laundering Effectiveness Study: https://www.emerald.com/insight/conte...
► CoinDesk Slams FATF: https://www.coindesk.com/layer2/2022/...
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
