SLP424 Simon Lelieveldt The Problem With FATF and AML Laws
Stephan Livera Podcast
00:00
Cryptocurrency and the Travel Rule
The European Banking Authority said Switzerland and the Netherlands are over shooting in terms of regulation. The FATF decided, okay, we're going to apply the financial rules to crypto as if they are banks. They could have allowed for domestic regimes on the travel rule, which means you just send a reference number. But they kicked that one out, no, no, crypto is international in nature. So everyone's going to make some swift-like international network structures in which this information is going to have to be shared.
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