MASSIVE Threat To CRYPTO?! FATF’s Travel Rule Explained!!

"The UK is going to implement this expanded travel rule starting from the 1st of September."

"This would turn crypto into another arm of the existing Financial system albeit much more dystopian."

"institutional investors will likely invest more in crypto once all these FATF-based regulations are in place."

"it will force new crypto projects and protocols to be as decentralized as possible in order to outmaneuver the FATF."

"if any truly decentralized crypto projects and protocols managed to gain significant adoption the FATF would likely respond by further expanding the scope of its crypto recommendations."

"if true cryptocurrency that is peer-to-peer trustless transactions becomes too popular then the FATF would respond by saying wallets that engage in crypto activities are high risk."

"it's clear that crypto privacy is inevitable That's because nobody wants privacy more than high net worth individuals when these investors get involved during the next crypto bull market there will definitely be cause to increase crypto privacy and many of these calls will be answered."

"and they'll come from the central banks that will start accumulating crypto come 2025."