‘A Massive Step’—JPMorgan Just Made A Surprise, Game-Changing Bet On Crypto Despite $2 Trillion Bitcoin, Ethereum And Crypto Price Crash
ForbesJUL 2022
With its suspiciously obscure background, FATF ironically pushes massive regulation and scrutiny in the name of so-called "transparency" but at the risk of toppling financial freedom and privacy. Ruling with an iron fist, the global watchdog enforces its feigned "recommendations" with the threat of reputational ruin to anyone unwilling — or unable — to comply.
Digital currencies are a fast-growing market with many benefits but also many risks. Without close monitoring and regulation, the crypto world will become a safe haven for terrorist financing and money laundering — a non-compliant country's reputation is a small price to pay to combat this transnational threat.