Bermuda Plans New AML Rules

[orangetax]

Bermuda Monetary Authority (BMA) would soon implement a new anti-money laundering law for regulating domestic cryptocurrency activity. The authority is seeking public feedback on the same.

Read the full article here : https://coinfrenzy.io/bermuda-plans-new-aml-rules/

[Teraboy]

Bermuda Monetary Authority (BMA) would soon implement a new anti-money laundering law for regulating domestic cryptocurrency activity. The authority is seeking public feedback on the same.

Read the full article here : https://coinfrenzy.io/bermuda-plans-new-aml-rules/

The majority of countries already applied about that. But none of them previously released or published an official announcement regarding it. KYC and AML both comprehensive regulation for everyone.
But you can read if they are still looking for public feedback and does it make comfort or nothing.

[cryptoenthu]

I think after kyc and AML rules the market will rise as most of the people will come to invest such as stock market. hope it will rise as i think.

[pinecone24]

Most countries are going to follow. Adopting AML is great for Bitcoin exchanges.

[GBCrypto1]

There's no need to fear AML regulations. It is forced but it has a reason behind it. We always want the system/government to protect us from scams but we do not want enforced regulations. Bitcoin can be used for shady activities or to fund terrorism without proper regulations. Let's just hope that they will not over-regulate it.

[Crypto Chips]

so is this a good news ?
if is that right, so i hope this new system will bring our crypto world to better uses and better result