The 5MLD are an expansion of current AML/CTF regulations into the cryptocurrency space, and were designed to protect against potential abuses of the technology by criminal actors.
One of the biggest reasons for this is because BSV has done what no other blockchain project has been able – or willing – to do.
While the Western world looks at Bitcoin as a speculative asset, Africa is using Bitcoin to build a new financial system for its people.
Concerns about illegitimate use are unfounded because Bitcoin is “a system that will utterly destroy crime,” according to Dr. Craig Wright.
The man who started it all, Dr. Craig Wright, celebrates his birthday today. Here’s to wishing him a happy birthday and a long life.
In a new blog post, Dr. Craig Wright takes a closer look at tracing digital currency movements and how Bitcoin can actually help to reduce crime.
Dr. Craig Wright was a huge part of the CC Forum, taking part in some of its biggest moments. And we dig deep into the pumpkin mania of the moment.
While Libra faces tough regulatory scrutiny in Europe and the U.S, in Africa, it would also have to face tough competition from established players.
Outside of the previously lightly regulated cryptocurrency ecosystem, the guidance is essentially the application of FATF’s operative guidance called the “travel rule” for traditional financial institutions towards crypto businesses.
Dr. Craig Wright has been helping to set the record straight on what Bitcoin is truly supposed to do, and what it was designed to provide.
How payments can be achieved simply, without all of the hassle that has since been integrated into blockchain transactions.