FATF rules will “leave the aging banking monopoly to wither and die”

FATF is setting new international standards for crypto and blockchain businesses.  Together with legislators, blockchain associations and VASPs at the V20 Summit, FATF’s recommendations will be discussed. The G20 Osaka Summit will be held in Japan on June 28 & 29, 2019.   Blockchain and crypto experts globally comment on this regulatory development.   Hans-Ole Jochumsen, Advisor at Concordium, the next-generation, decentralized world computer and the first with ID-verification built in at the protocol level, and ex-Vice Chairman of NASDAQ, commented: The international standards proposed by the FATF for regulating…

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