Very Bad News For Bitcoin And Cryptocurrencies | Cryptos Are In Deep Trouble.

this is the worst thing for cryptocurrencies the news which I'm about to share is very disappointing for crypto traders the organization f ATF the Financial Action Task Force is an intergovernmental organization developed to combat money laundering they have already planned to regulate kyc know your customer encrypt her currency exchanges which includes you have to type in your name address address verification and photo ID verification now they are going beyond and planning to add more restrictions the cryptocurrency industry is bracing for forthcoming international regulatory standards that would require exchanges to collect and share information about where and to whom they are sending money this was not possible until now and this was the best feature of cryptocurrency that you can remain anonymous and no government authority can touch your money now they will know which address has sent how many bitcoins to a particular address they will have all the information about your crypto transactions in addition to verifying and keeping records of their own users identities exchanges and other service providers would have to pass customer information to each other when transferring funds just as banks are required to do industry representatives recently made a last-ditch effort to persuade the eff ATF and intergovernmental body to reconsider or delay the proposed standard many traders are not happy with this decision as their privacy will be at stake I'll leave the link below for the article

Leave a Reply

Your email address will not be published. Required fields are marked *