Author Topic: g20 FATF regulations to demand kyc for recipient  (Read 3 times)

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g20 FATF regulations to demand kyc for recipient
« on: June 13, 2019, 06:12:05 AM »
I am really shocked at how little this is being spoken about online. There's going to be a deep amount of chaos over this. They dont even have the technology to enforce it. What they are basically saying is that they are going to force you to associate your hardware wallet with an identity if you want to use it to receive funds from any FATF country regulated exchange, which is basically every meaningful country on the planet. That's not safe, and that's not what crypto was meant for. If you can identify cold wallets you can track people. The travel rule applied to crypto i calamitous. And people who rely on anonymous exchanges like me are deeply in trouble. Most of these exchanges won't even accept americans.

People need to sue the government. This is supreme court international court level stuff, this has to be contested in court.