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International regulation for Bitcoin is now ready, FATF announces

International regulation for Bitcoin is now ready, FATF announces



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2 Comments

  1. tldr; The Financial Action Task Force (FATF) has announced that they have defined the new regulatory standards for Bitcoin, cryptocurrencies and digital asset service providers. The agency expects to release the guide on October 28. The guide is intended to help countries and the private sector implement the standards.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. >The FATF expects **countries** and the private sector to implement …

    >In any case, member countries tend to abide by the Group’s recommendations in order to **avoid being sanctioned** or included on “black lists”.

    Countries are supposed to be sovereign. They are not supposed to being dictated new laws by an obscure cabal of banksters. Are countries also supposed to bypass their own parliaments in matters of FATF?

    If you want to impose your will onto others, then at the very least, you must prove that you are willing to risk your life and die for what you believe in.

    In my opinion, there is an real need to somehow extract this proof out of the FATF cabal. It is simply not permissible to leave this kind of arrogance unpunished.

    So, what system of reprisals and countermeasures could be created to retaliate and rein in their arrogance? The problem has clearly become urgent now.

What do you think?

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