How does the #FATF Travel Rule impact you? #crypto #bitcoin #ethereum @shyftnetwork @josephweinberg @binance @cz_binance @coinbase @brian_armstrong @BitMEX @CryptoHayes @FTX_Official @SBF_Alameda @BitMax_Official https://medium.com/@shyftnetwork/what-does-the-fatf-travel-rule-mean-for-crypto-users-9db7fb8bf68e

On a surface level, not a lot will change for the regular cryptocurrency user. You will still be able to send, receive, deposit, and withdraw with ease. However, looking deeper, you will find that the entire crypto space will be a safer place for all.

These rules, once implemented, will continue to evolve over time, until the FATF is convinced that money laundering and terrorist financing is no longer present in crypto. VASPs that fail to work to achieve the recommendations will be punished by the jurisdiction they are part of

With criminal activity out of the picture, a new dawn for crypto will begin.

For the first time, we will be able to identify safe and reliable options for making investments, fully knowing that the institutions that we are doing business with, follow rules that go favour of protecting the individual’s data.