The FATF continues to insist on the need to apply its rules to regulate cryptocurrency assets .
As it became known , 15 countries of the world have decided to create a system in which they will completely exchange all information about the owners of digital accounts that host cryptocurrencies, as well as identification and installation information about participants in cryptocurrency operations .
This system, which includes all the G7 countries, Australia and Singapore, is aimed at becoming the main source of information that will be accumulated and further used by the Financial Action Task Force on Money Laundering (FATF).
The FATF also intends to ensure that all participants in this structure, 36 states, including Russia, which has been working with it since June 19, 2003, begin to use those standards that it considers appropriate for implementation in order to regulate the circulation of cryptocurrencies in the world.
As the study showed, the FATF, being created at the G-7 countries, developing standards for transactions with cryptocurrencies , was guided not only by unconditionally necessary measures to prevent financial violations, but also followed the narrowly political goals of the US authorities. After all, it was an official of the US Department of the Treasury who coordinated this work, being the head of the FATF until July 1 of this year.
Thus, the persistent desire of the FATF and the new information system created by it from 15 states is associated with the intention to completely deanonymize transactions with cryptocurrencies, primarily in order to put a barrier on the use of digital assets to circumvent US sanctions, which are monitored by the structural unit of this American Offices – The Office of the Foreign Assets Control (OFAC).
Publication date 08/12/2019
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