Grayscale Bitcoin Trust (GBTC)

[Ann1]

I'm reading this whole piece thinking exactly what doesn't show up until near the end: "To be clear: FATF’s recommendations for anti-money-laundering policies are not binding; member countries adopt them by passing legislation or writing regulations. However, countries that fall egregiously out of compliance with FATF standards get put on a blacklist, making them radioactive to foreign investment."

These are GUIDELINES, not RULES. The headline makes it seem like an imperative! Every individual country must first decide to adopt the rules, then pass legislation in their own country to make it happen. It's like NATO or the IMF or Pirate Code. Guidelines and suggestions.

As to countries falling on a 'blacklist' making them radioactive to foreign investment, that's just scaremongering. Guess which country MOST does not comply with their 'rules'??!! Yep. The USA. Guess which country has the most FDI right now? Yep. Also the USA.

On a positive note, government wanting to regulate something VALIDATES it's existence and worth. Just more confirmation of what those of us in here already know.

https://hotcryptonews.com/2019/06/23/all-global-crypto-exchanges-must-now-share-customer-data-fatf-rules/