More than two hundred FATF member countries are obliged to implement the recommendations of this body of June 21, 2019 and introduce them into their domestic legislation within a year. Only for transactions in the amount of from one thousand euros, and in the case of Canada from one thousand Canadian dollars, it is necessary to identify the owner of the cryptocurrency. In my opinion, this is positive in all respects. Establishing general rules is in any case better than this chaos in which we lived before this time.
For bounty hunters, this will also mean that ICO teams will be entitled to require us to complete KYC only if they send us their tokens worth more than one thousand euros. In addition, it is still worthwhile to figure out whether the FATF recommendations apply to cases of receipt, rather than sending, of these transactions. Indeed, in this case, we can neither launder dirty money, nor finance terrorism.