A popular analyst known for his deep-dive research is weighing in on what the next round of regulations might mean for the crypto industry.
In a YouTube update, pseudonymous Coin Bureau host Guy tells his 2.08 million subscribers about the latest policy update from international anti-money laundering (AML) organization the Financial Action Task Force (FATF).
At issue is the “travel rule,” which recommends governments force cryptocurrency exchanges, banks, over-the-counter (OTC) desks and hosted wallets share identifying information about people involved in crypto transactions worth more than $10,000.
Guy weighs the pros and cons of the FATF’s “push for unquestionable compliance” from the crypto space and says,
“It’s a bit of a double-edged sword. On the one hand, financial privacy in cryptocurrency will slowly but surely be eliminated. Privacy coins, mixers and other technologies that preserve privacy in any way, shape or form will be delisted and forbidden, else you be designated...
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