1/ 🧵 UAE is undergoing regulation update for crypto asset and they are being compliant with the FATF travel rule on digital assets in their new crypto policy.
1/ 🧵 UAE is undergoing regulation update for crypto asset and they are being compliant with the FATF travel rule on digital assets in their new crypto policy.
2/ 🧵 FATF's travel rule says that there should not be anonymity between the two funds transfer. And so this way they can keep an eye on the crimnal activity.
3/ 🧵 This FATF compliance could cause a lot of problems for the decentralized and anonnymous crypto tokens. As they happen to not able to avoid the anonymity.
4/ 🧵 Check out how UAE's regulation and compliance update with the FATF's travel rule would change things in the crypto market.
https://inleo.io/@esmeesmith/uae-regulation-update-fatf-travel-rule-on-crypto-assets