Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on April 13, 2020, 07:01:15 AM

Title: Gibraltar to Crack Down on Market Manipulation in DLT Sector
Post by: newshunter on April 13, 2020, 07:01:15 AM

Gibraltar to Crack Down on Market Manipulation in DLT Sector

Gibraltar is will soon update its blockchain regulations to crack down on market manipulation and respond to FATF recommendations

Source: Gibraltar to Crack Down on Market Manipulation in DLT Sector (https://cointelegraph.com/news/gibraltar-to-crack-down-on-market-manipulation-in-dlt-sector)

Would appreciate your opinion about this

Title: Re: Gibraltar to Crack Down on Market Manipulation in DLT Sector
Post by: Alcor on April 13, 2020, 07:58:00 AM

Gibraltar, like other states, intends to implement the FATF recommendations of June 21 last year aimed at combating money laundering and terrorist financing in their national legislation. Almost all states are doing this now. The same rules establish an approximate transaction size of one thousand euros, above which states are encouraged to identify the sender and recipient of the cryptocurrency.
But the fact that in this state they have decided to abandon regulation of the activities of ICO projects so far does not make me happy. I think that there will be many more ICO projects and therefore this type of activity needs to be regulated in order to reduce the number of frauds and protect the rights of investors and participants in the ICO bounty.