MASSIVE Threat To CRYPTO?! FATF’s Travel Rule Explained!!
🚨 New video Alert 🚨
Some of you may have seen the news that PayPal is pausing BTC purchases in the UK until early 2022. This might not seem lie a big
deal, but tis. That's because of the reason why PayPal made this decision.
Itlooks like the FATF's so called ‘travel rule's to blame, and that's a big problem. That's because the travel rule is being rolled out all around the world, not just in the UK. This means more companies could follow suit in the UK and elsewhere.
That's why we took it upon ourselves to go down yet another FATF rabbit hole and find out what's going on and what comes next. Not surprisingly. its not looking good, but there does seem to be a light at the end of the tunnel.
⛓️ 🔗 Useful Links 🔗 ⛓️
► PayPal Halts Crypto Purchases: https://cointelegraph.com/news/paypal-uk-to-halt-crypto-purchases-until-2024
► Pakistan Bans Crypto Because of FATF: https://cointelegraph.com/news/pakistani-finance-minister-says-crypto-will-never-be-legal-because-of-fatf
► FinCEN Tries Reducing Travel Rule Threshold: https://cointelegraph.com/news/crypto-users-speak-out-on-proposed-change-to-fincen-travel-rule
► Notabene Travel Rule Countries List: https://notabene.id/jurisdictions
► UAE Placed On Gray List: https://www.cnbc.com/2022/03/05/uae-is-placed-on-money-laundering-watchdogs-gray-list-.html
► Tether Works With Notabene: https://cointelegraph.com/news/tether-trials-notabene-s-new-travel-rule-technology-to-combat-financial-crimes
► Crypto Privacy At Risk: https://cointelegraph.com/news/crypto-privacy-is-in-greater-jeopardy-than-ever-before-heres-why
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.