El Salvador is in the cryptocurrency news. I can understand why using renewable geothermal energy from a volcano to mine Bitcoin and then sell it to support the El Salvadoran economy in the absence of new IMF support makes sense. But I do not see why it follows that El Salvadorans should be forced toContinue reading “Compulsory tender in El Salvador”
Tag Archives: cryptocurrency
The FinCen Travel Rule
A couple of years ago the Financial Action Task Force (FATF) extended their recommendations to include cryptocurrency exchanges and wallet providers (together referred to as Virtual Asset Service Providers, or “VASPs”). This meant that all countries should apply anti-money laundering and anti-terrorist financing controls to these businesses: that is, customer due diligence (CDD), suspicious activity reports (SAR) and,Continue reading “The FinCen Travel Rule”
Snippings 