The FATF, which includes 37 member countries, made the ruling as part of a series of recommendations to improve cryptocurrency regulations around the globe. The group cites the necessity to combat money laundering as their primary motivation, although free-market and privacy advocates are pushing back against the controversial decision.
Interesting article about what could be regulations in the crypto market. Sounds to me like the regulators think crypto is going to be here for the long term and they'd better start learning to live with it, instead of trying to fight to stop it like they did before. The funny thing is I think that a little regulation will drive more people to the market instead of scare them away, people will feel that their money is safe, I'm not sure that's what the regulators are aiming for though, lol.
Read the full story here....
https://www.cryptoglobe.com/latest/2019/06/fatf-cryptocurrency-exchanges-june-21-2019/
