{"id":19833,"date":"2019-07-05T17:55:46","date_gmt":"2019-07-05T17:55:46","guid":{"rendered":"http:\/\/ci027cfe63a00026c3"},"modified":"2025-01-27T21:46:25","modified_gmt":"2025-01-27T21:46:25","slug":"fatf-guidelines-get-wrong-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/fatf-guidelines-get-wrong-bitcoin","title":{"rendered":"FATF Guidelines and What They Get Wrong About Bitcoin"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/introducing-the-bitcoin-magazine-podcast.jpg\" title=\"\"><\/figure>\n<p>In this episode, Dave discusses the new Financial Action Task Force (FATF) guidelines with Amsterdam-based regulatory consultant Simon Lelieveldt, who argues that these guidelines are disproportionate, technically unsound and uneconomic. At the crux of this topic is the difference between how Facebook&#8217;s Libra will accept regulation versus advocacy for online privacy by many in the Bitcoin community.<\/p>\n<p>Resources:<\/p>\n<ul>\n<li>News:\n<p>Despite Industry Pushback, G20 May Impose Stricter KYC Policy on Exchanges<br \/>\nG20 Supports FATF Crypto Recommendations<br \/>\nCipherTrace, Shyft Unveil ID Protecting Solution to FATF Crypto Guidance\n<\/li>\n<\/ul>\n<ul>\n<li>Simon Lelieveldt Interview:\n<p>FATF and EU need to fundamentally rethink their approach to virtual assets\/currencies&#8230;<br \/>\nSimon\u2019s outspoken argument over Twitter<br \/>\nFacebook Obtained Its E-money License (2016)<br \/>\nSimon Lelieveldt on Twitter (@finhstamsterdam)\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In this episode, Dave and a guest discuss the new Financial Action Task Force guidelines and the difference between Facebook&#8217;s Libra and Bitcoin.<\/p>\n","protected":false},"author":2520,"featured_media":17248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1479,1906,1482,1739],"class_list":{"0":"post-19833","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-facebook","9":"tag-fatf","10":"tag-libra","11":"tag-podcasts"},"author_data":{"id":2520,"name":"Bitcoin Magazine","nicename":"bitcoin-magazine","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/bitcoin-magazine-logo.jpeg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/introducing-the-bitcoin-magazine-podcast.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=19833"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/17248"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=19833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=19833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=19833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}