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Cryptocurrency Regulations with Simon Lelieveldt

Monero Talk

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Is There a Battle to Stop Cryptocurrency?

FATF is an international task force on fraud. It gives countries a scorecard every couple of years to see if they're doing good or not. If you are low in the scorecard, you end up being blocked out of the financial system. This is a huge, effective mechanism to push all countries towards more regulation and to criminalize stuff, which is forbidden. And there is a self enforcement mechanism because the FATF is aninternational organization.

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