‘Totally Absurd’ – New FATF Rules To Turn Bitcoin Exchanges Into Banks

As Bloomberg reported June 11, an update to how national regulators should treat businesses dealing with cryptocurrency tokens will officially go public on the 21st of the month.

Its impact is not entirely clear, but experts are already warning that anyone – be it a business or a private investor – who exchanges more than $B1000 or €1000 worth of crypto will have to provide personal information.

Read More at Bitcoinst

#FATF #Regulations

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