G20 Countries Start Implementing Unified Crypto Standards

News feeds from various cryptocurrency informational sources.

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wonai
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Posts: 122
Joined: Thu May 23, 2019 5:48 am

Tue Jul 02, 2019 3:30 am

The original Bitcoin software by Satoshi Nakamoto was released under the MIT license. Most client software, derived or "from scratch", also use open source licensing.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
alayemi
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Posts: 144
Joined: Thu May 23, 2019 5:44 am

Tue Jul 02, 2019 9:08 pm

Are censorship-resistant. Nobody is able to block or freeze a transaction of any amount.
alayemi wrote:
Wed Jun 19, 2019 9:58 pm
An enterprise with a multifaceted portfolio of blockchain-dependent businesses in marketing communications and technology, BC Group has the belief that custody service does away with one of the major limitations that constituted being obstacles to experienced traders and ventures interested in combining cryptocurrencies to their portfolios till the present moment.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
labie
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Posts: 126
Joined: Thu May 23, 2019 5:47 am

Wed Jul 03, 2019 1:58 am

Nearly all other digital currencies are centrally controlled. This means that:

They can be printed at the subjective whims of the controllers.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonshey
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Posts: 130
Joined: Thu May 23, 2019 5:46 am

Wed Jul 03, 2019 8:22 pm

Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonshey
Active User
Posts: 130
Joined: Thu May 23, 2019 5:46 am

Wed Jul 03, 2019 9:27 pm

Bitcoin Core is programmed to decide which block chain contains valid transactions.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonshey
Active User
Posts: 130
Joined: Thu May 23, 2019 5:46 am

Wed Jul 03, 2019 9:28 pm

The users of Bitcoin Core only accept transactions for that block chain, making it the Bitcoin block chain that everyone else wants to use.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonshey
Active User
Posts: 130
Joined: Thu May 23, 2019 5:46 am

Wed Jul 03, 2019 9:33 pm

Bitcoin.org was originally registered and owned by Bitcoin's first two developers, Satoshi Nakamoto and Martti Malmi.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonshey
Active User
Posts: 130
Joined: Thu May 23, 2019 5:46 am

Wed Jul 03, 2019 9:36 pm

When Nakamoto left the project, he gave ownership of the domain to additional people, separate from the Bitcoin developers, to spread responsibility and prevent any one person or group from easily gaining control over the Bitcoin project.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
gurumaster
Active User
Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Sun Jul 07, 2019 7:05 pm

When Bitcoin Core daemon first starts, it will begin to download the block chain. This step will take at least several days, and it may take much more time on a slow Internet connection or with a slow computer.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
labie
Active User
Posts: 126
Joined: Thu May 23, 2019 5:47 am

Sun Jul 07, 2019 7:36 pm

During the download, Bitcoin Core will use a significant part of your connection bandwidth. You can stop Bitcoin Core at any time using the stop command; it will resume from the point where it stopped the next time you start it.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
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