Payments In Crypto: Apparent Trends Of 2019

Governmental Persistence In Regulation

What many representatives have been worried about over the past few years happened in 2019. The FATF Anti-Money Laundering Development Group published the final version of the guidelines for the cryptocurrency industry. In an official document, the FATF obliged the bitcoin exchange and other cryptocurrency service providers (VASPs) to follow AML and CFT (anti-money laundering and counter-terrorism financing) procedures similar to traditional financial companies.

Mimblewimble — A New Technological Breakthrough?

Mimblewimble technology was initially conceived as the second layer of Bitcoin, designed to increase transaction confidentiality and network scalability. However, subsequently, the developers concluded that creating your cryptocurrency may be the easiest way to test it in real life.

Blockchain-Revolution In China: Less Trading On The Chinese Market?

Having squeezed out a significant part of the cryptocurrency business from the country at the end of 2017 and in 2018, the Chinese authorities continued this “tradition”, increasing pressure on the remaining companies and traders in the country.

Conclusion

At the moment, not a single large state has introduced its national cryptocurrency. Digital yuan is the crypto that never appeared. The Chinese authorities claim that they have been developing it for more than a year, and now it is at the testing stage. There were rumors that the launch should take place in early November, but the information was not confirmed. Currently, a tiny percentage of the world’s inhabitants are involved in cryptocurrencies, mainly digital coins continue to be treated with caution, but not at all as negatively as before. In 2019, most cryptocurrencies could not show impressive growth, despite a 2.5-fold increase in the Bitcoin exchange rate — from $ 3200 to $ 7000. However, the industry has made a big leap forward. Now it has become part of the economy thanks to the projects of Facebook, Telegram and central banks around the world.

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