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  1. #1
    sweetbet's Avatar
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    Default New cryptocurrency regulations

    Today, the Financial Action Task Force (FATF) outlined a new set of cryptocurrency regulations
    https://www.coindesk.com/fatf-crypto-travel-rule


    Under the new guidance, the required information for each transfer includes:


    (i) originator’s name (i.e., the sending customer);
    (ii) originator’s account number where such an account is used to process the transaction (e.g., the VA wallet);
    (iii) originator’s physical (geographical) address, or national identity number, or customer identification number (i.e., not a transaction number) that uniquely identifies the originator to the ordering institution, or date and place of birth;
    (iv) beneficiary’s name; and
    (v) beneficiary account number where such an account is used to process the transaction (e.g., the VA wallet).

    Calling the “threat of criminal and terrorist misuse of virtual assets” a “serious and urgent” issue, FATF said in a public statement that it will give countries 12 months to adopt the guidelines, with a review set for June 2020.

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    DanHorvat (22 June 2019), PROFRBcom (26 June 2019), universal4 (21 June 2019)

  3. #2
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    Default

    That's disgusting. The world governments will do anything to put their hands on our money.

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  5. #3
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    Default

    Quote Originally Posted by Cash Bonus View Post
    That's disgusting. The world governments will do anything to put their hands on our money.
    Yes, you are right. The want to take control of every trabsfer.

  6. #4
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    Default

    Sad, very sad. I won't go on a rant but this is awful news. And it's illegal. We're getting bullied by the real terrorists.

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  8. #5
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    I had to look up this organization because I had never heard of it. Here is the wiki blurb:

    The Financial Action Task Force, also known by its French name, Groupe d'action financière, is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing.
    So there you have it. It is saving all the little people from terrorism! Terrorists everywhere! Hide your mama, hide your kids!

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  10. #6
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    Default

    Quote Originally Posted by PROFRBcom View Post
    I had to look up this organization because I had never heard of it. Here is the wiki blurb:
    So there you have it. It is saving all the little people from terrorism! Terrorists everywhere! Hide your mama, hide your kids!
    Yes, it has absolutely nothing at all to do with tax. It's all about protecting us from terrorism.

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  12. #7
    webster2000 is offline New Member
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