Hey guys, what do you know about the International regulation of cryptocurrencies? Especially in different countries, let's follow an interesting overview ➡️
https://promo.raidofinance.eu/regulation to look at the situation in crypto regulation at some widely known countries! And also find some answers on how are crypto exchanges regulated there?
🔸Share your opinions below.🔸
WIll be glad to discuss it with you! 😎
I must say that you have used a very effective way to market your own exchange. However, let's get back to the topic.
FATF has only made a proposal to the G20 leaders and advised some guidelines to regulate cryptocurrency and related risks! G20 leaders have agreed to implement these recommendations of FATF to their own countries. People are now panicked due to miscommunications from the freedom lovers or from the crypto maximalists.
See some facts below,
1. FATF can only advise but can't enforce
2. Countries will have to make their own law to enforce their guidelines
3. Strict KYC and AML measures will be implemented to ensure cryptos are not used in wrong purposes
4. People will be asked to pay taxes on their income from cryptos which they are hiding till date
5. Cryptos will be harder to use for terrorism financing and drug purchasing
The world couldn't standardize weight scale and distance measurement scale, how the hell they are expected to implement same crypto regulation measure?? World/international regulation is a daydream!