Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on March 02, 2024, 05:20:50 AM

Title: Russia's FATF Rating Downgraded Over Crypto Regulation Shortfalls
Post by: sirty143 on March 02, 2024, 05:20:50 AM

Russia's FATF Rating Downgraded Over Crypto Regulation Shortfalls

The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious transactions within the rapidly expanding realm of digital finance... See more for yourself here (https://news.bitcoin.com/russias-fatf-rating-downgraded-over-crypto-regulation-shortfalls/).

Your opinion is greatly appreciated.

Title: Re: Russia's FATF Rating Downgraded Over Crypto Regulation Shortfalls
Post by: Zed0X on March 02, 2024, 10:25:52 AM

I don't even want to read the article as Russia wouldn't give a f*ck about a rating coming from an organization controlled mostly by countries that imposed sanctions on them ;D They even suspended Russia's FATF membership right? Why would they even care about their regulatory standards now?

Title: Re: Russia's FATF Rating Downgraded Over Crypto Regulation Shortfalls
Post by: ABCbits on March 02, 2024, 12:17:12 PM

It's not surprising FATF downgrade rating for Russia. Although since the news doesn't state impact towards Russia economy, so obviously Russia government don't care about it.