Post by: newshunter on March 13, 2022, 07:00:37 PM
Private banks could be required to conduct risk assessments on case-by-case basis.
Source: Bank of Israel issues draft guidelines on cryptocurrency AML/CFT (https://cointelegraph.com/news/bank-of-israel-issues-draft-guidelines-on-cryptocurrency-aml-cft)
Would appreciate your opinion about this
Post by: royalfestus on March 13, 2022, 09:42:59 PM
Post by: TomPluz on March 14, 2022, 06:58:03 AM
The industry of cryptocurrency has now grown a lot and its presence and usage already warranted for many governments around the world to be issuing guidelines and parameters to supposedly make things legal according to existing anti-money laundering mechanisms. Personally, I do not feel threatened with these moves and in fact am seeing these as necessary towards full recognition and regulation where people can easily access cryptocurrency assets anytime, anywhere. Though it should be noted that transactions with decentralized platforms and peer-to=peer can be harder to track and regulate so let's see how Israel can be creative on this side of the equation though it is possible that the bulk of transactions happens to be in coordination with centralized platforms for now.