‘Not Everyone Is Happy but We Have to Move on,’ Some Challenges to the FATF’s New Guidance

Pressures from the banking industry? Some are suspect of the FATF’s motivation behind putting its “travel rule” in the new guidance.

Hello together,
now it's out..
New regulation rules will hit new crypto startups and projects with a not so high financial background :

"Can crypto startups survive?

At the moment, no technical solution has been brought forward to implement the new rule. But obviously, it will require “significant investment” and a lot of technical knowledge. The question, then, is: Do crypto startups have the capabilities and the resources to comply with the rule?

“If we don’t find something that is accessible to all of the service providers, we could actually force some of them out of their business,” Christie said. "

So let's thing a little more about the new upcoming regulations, there will be for sure less privacy and it will kill a lot of smaller startups, that means we maybe have to wait a longer time for an altcoin summer, maybe only a few will survive.
Have a nice day
Tom

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