New cryptocurrency regulations

**sweetbet** · 21 June 2019, 3:20 pm

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.

**Cash Bonus** · 22 June 2019, 12:56 am

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

**zalozite** · 22 June 2019, 5:15 am

Originally Posted by Cash Bonus

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.

**DanHorvat** · 22 June 2019, 6:12 am

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.

**PROFRBcom** · 26 June 2019, 9:28 pm

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!

**sweetbet** · 26 June 2019, 11:11 pm

Originally Posted by PROFRBcom

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.

**webster2000** · 16 October 2019, 4:50 am

https://www.globallegalinsights.com/...egulations/usa

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