The Financial Action Task Force is eyeing people part of crypto projects closely. Let’s face it, they look the other way when people from the “higher classes” siphon millions away from those in need in cunning ways. But they feel terribly itchy when men and women are trying to solve the financial crisis we are facing to this day.
Not the FATF has put forth a list of proposals that they are forcing exchanges to accept. Among those include providing detailed personal information on every account which has over $1,000. This was met with a wide amount of backlash from the cryptosphere. Custodial banks and crypto hedge funds will also bear the brunt of this hapless move.
V20 crypto meetup will take place in Osaka, Japan. This will occur during the same week of the G20 summit where world leader will converge. Authorities from Japan, Taiwan, Australia, and France will attend this event. Binance has not yet confirmed their role at V20, and many speculate they won’t be part of it.
Gemini, Coinbase, and Kraken will be able to exploit the Binance Ban from September. People from the US will be heading to new exchanges to make transactions.