FATF Crypto Proposals: MASSIVE Hidden RISK?!! (Ep 214)
Coin Bureau
00:00
The Financial Action Task Force and Crypto Currency
The financial action task force, fat f, was created by g seven countries during their annual sumit in paris in 19 89. To day, the fat f consists of forty countries and over 30 international organizations,. The original purpose was to prevent money laundering in most major economies around the world. In 20 12, following the news that facebook was planning on launching the libra stable coin, theFatF adopted a qut open ended mandate which is meant to combat any threats to the integrity of the international financial system. Just a few months after the new mandate, the fatf decreed that all virtual asset service providers, or vosps, must collect k y c on all their users
Transcript
Play full episode
