Cryptocurrencies and the Global Financial Market (III)

Discussion in the preceding section affirmed, transactions of bitcoin and other cryptocurrencies were mostly unregulated. However, the trend has reversed or improved in recent years. The anti-money laundering (AML) and counter terrorism financing watchdog for the global community, Financial Actions Task Force (FATF), has set rules for the cryptocurrency industry.FATF rules are essentially restricted to centralised systems such as cryptocurrency...

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