If you’re like me, your optimistic about the future because blockchain technology is changing everything as we know it. Decentralisation of digital currency and new platforms such as steemit is shifting the control of our lives from cooperate banks, corporations and even government control and putting the power back into the hands of the people. It’s a global change and it cannot be stopped.
In my previous post Bitconnect The Biggest Scam 2018 I asked the question is this an exscuse for further government intervention and regulation? You can read it here.
Well I stumbled on a very interesting video on Youtube posted by Decentralized Thought. It explains
Bitcoins new Lightning Network better than any other video on the net.
If you’re a Bitcoin Investor in the United states you will be aware recently several laws have been past to regulate and disclosure of Bitcoin. IRS also ruled against Coinbase to disclose US citizens that are holding more than $20.000 of Bitcoin. The UK is always looking to crack down on Bitcoin.
Big investors should consider obtaining a second passport.
For me bitcoin is now dead as it no longer serves the purpose it was intended for by its creator Satoshi Nakamoto. It’s time to look towards anonymous currency such as Bytecoin BTC and Menero XMR and decentralization Exchanges such as Cryptobridge. It is also advisable not to keep your Bitcoins on an exchange of any type.
What do you think?
KYC
http://go.jumio.com/kyc-netverify?utm_source=google&utm_medium=cpc
As regulators move from a tick-box approach to a risk-based approach to compliance, banks are left to interpret anti-money laundering (AML) legislation and develop their own process to comply with KYC regulation.
AML
http://www.compliancy-services.co.uk/
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 apply to banks, building societies and credit unions. ... Your internal controls effectively monitor and manage your firm's compliance with anti-money-laundering (AML) policies and procedures.
