Understanding the FATF’s Circle and Polygon with Tapiero
21:00-7:00 Key words: FATF, Circle, Tapiero, Polygon
Overview of important developments overnight on February 25
Interpretation of the news:
</…
21:00-7:00 Key words: FATF, Circle, Tapiero, Polygon
Overview of important developments overnight on February 25
Interpretation of the news:
The FATF, or the Financial Action Task Force, has been making headlines for quite some time now, and it’s not just because of its groundbreaking and forward-thinking initiatives in the financial sector. Instead, what has been generating significant interest and attention is its very own ‘Circle’ and ‘Polygon.’ These two entities, though shrouded in mystery at first, have since been unraveled by expert/analyst David Tapiero. In this article, we will delve deep into the FATF’s Circle and Polygon with Tapiero.
The FATF’s Circle refers to the countries that have made a significant commitment to combating money laundering and terrorist financing. These Member States have to adhere to the FATF’s recommendations and continuously undergo peer reviews for their implementation. This Circle includes nations such as the United States, Germany, France, Australia, and Japan, among others. The FATF has not officially released the criteria and requirements necessary to be a part of this Circle, but the Member States in it serve as an example and inspiration to other nations to follow suit.
Tapiero’s interpretation of the FATF’s Polygon, on the other hand, is more technical. He sees this group as a collection of jurisdictions and companies that are not automatically part of the Circle but have committed themselves to taking action on their own financial crime problems. Tapiero notes the potential benefits of being a part of the Polygon, such as easier access to financial services, and a reduction in national financial crime. He also highlights the challenges that come with it, such as flexibility to adapt to evolving money laundering schemes and terrorist financing trends.
In conclusion, the FATF’s Circle and Polygon, together with the recommendations they make, serve as a blueprint for global financial transparency. Governments and businesses worldwide should take note of the practices of the Circle and strive to be a part of it. Likewise, participation in the Polygon can be another opportunity for jurisdictions and companies to demonstrate their commitment to fighting financial crime. With the guidance and efforts of experts such as Tapiero, we can make global finance safer, fairer, and more transparent for all.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3213/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Des Lucre Launches Monthly Release of Monsters Editions for Defy Mosaics Holders
It is reported that Des Lucre, the creator of the NFT series \”Des Monsters\”, who has just announced a one-year contract with Sotheby\’s, a world-famous auction …
-
What is the highest price of Bitfaith coin (Bitfaith Messenger Mining Scam)?
What is the highest price of Bitfaith coin? What is Bitfaith coin, its concept,
-
RTFKT Pre-Announces Upcoming Casting Activity and “Murakami Animus” Information
It is reported that RTFKT pre-announced the upcoming casting activity and the latest information of “Murakami Animus” in its recent tweet. It is reported that the next casting activity will be launched on April 24, while the “Murakami Animus” activity will be held in Japan on April 30. The activity will be open to the public without pre-registration. The next casting activity of RTFKT “Murakami Animus” will be launched on April 24 Analysis based on this information:RTFKT, the digital fashion company, recently took to Twitter to share crucial information regarding their upcoming events. The tweet announced the highly anticipated casting activity and the latest details on their “Murakami Animus” project. According to reports, the casting activity is set to launch on April 24th. It will be interesting to see which talented digital fashion enthusiasts will qualify for the project. The Murakami Animus project is something that has excited RTFKT’s supporters for some time. It is said to be the company’s…
-
Why does Ethereum fork (Ethereum forks)
Why does Ethereum fork original title: Why does Ethereum fork All nodes running on the Ethereum network verify blocks and confirm transactions by executing consensus algorithms. These two processes are called “Beacon Chains”, built by a decentralized community, where each participant receives the same rewards and benefits without losing support for the other chain due to a transaction failure. Therefore, when a transaction is successful, all services on the original chain can continue to be used. Due to the de trust nature of Bitcoin blockchain itself, it has also become the foundation of a global currency system that can achieve complete freedom and anonymity. If there are any issues that need to be resolved, there will be a lot of controversy In order to prevent this problem, the Ethercoin team has developed a new solution: the Proof of work system (PoW) called Istanbul. This is the first version of the network protocol that allows miners to mine Ethereum, but only…
-
Massive Bitcoin Transfer Leaves Experts Surprised
According to reports, Whale Alert monitoring data shows that at 16:30pm Beijing time, 262499 Bitcoins were transferred from unknown addresses to Coin An. Data: 2499 Bitcoins transferred from unknown addresses to Coin An Analysis based on this information:The world of cryptocurrency was plunged into excitement after the news of a massive Bitcoin transfer broke out. According to reports from Whale Alert, a monitoring data service that tracks cryptocurrency transactions, an unidentified individual transferred around 262499 Bitcoins to Coin An at 16:30 pm Beijing time. The news caused a stir in the crypto market and surprised many experts, as such a massive transfer could cause a fluctuation in prices. Some analysts speculated that the transfer could be made by a large institutional investor or a group of investors engaging in OTC (over-the-counter) deals. The transfer puts Coin An, a company operating in the cryptocurrency trading business, in a leading position in the industry. Coin An will now possess a large quantity…
-
Matrixport Launches STBT: A Short-Term US Bond Token for Stable Currency Holders.
On March 9, Wu Jihan\’s digital asset financial service platform Matrixport issued a short-term US bond token STBT, which aims to provide US bond income for sta…
-
The Terraform Labs Saga: Alleged Illegal Fundraising by Executives
According to reports, South Korean prosecutors have stated that 9 former and current executives of Terraform Labs illegally raised 414.5 billion won (approximately 314.2 million US
-
KLAY (Klaytn) Market Update: A 24-Hour Increase of 8.44%
According to reports, the market shows that KLAY (Klaytn) broke through $0.26 in the short term and is now quoting $0.2583, a 24-hour increase of 8.44%. The market fluctuates great
-
#12:00-21:00: The Future of Cryptocurrency – A Look at Shen Bo, Algorand, Web3Hub and Lido DAO
12: 00-21:00 Keywords: Shen Bo, Algorand, Web3Hub, Lido DAO
Important updates on the evening of April 16th
Cryptocurrency is rapidly becoming a global phenomenon, with more and mor -
The Tremors of the Voyager Bankruptcy: Its Latest Move to Acquire Coin An
According to reports, according to legal documents submitted on Monday, if the legal objections raised by the US government cannot be resolved before April 13th, Voyager and its cr
-
Crypto Fund Skyland Ventures Announces Participation in the Financing of the Ethereum Layer 2 Network Taiko
On April 14th, according to the official blog, Skyland Ventures, a Japanese cryptocurrency fund, announced its participation in the financing of Taiko, an Ethereum second tier netw
-
What is mining pool computing power (does the higher the mining pool computing power, the higher the profit?)
What is mining pool computing power Bitcoin computing power began to appear in January 2016. But as Bitcoin prices fell, the prices of mining equipment also increased significantly Before the end of 2018, due to the sharp drop in BTC prices, many small businesses had to shut down their machines and restart their operational processes. However, the operators of these companies did not receive the necessary compensation. It is said that many bosses of large enterprises have gone bankrupt or closed their businesses, making their financial situation very difficult. This has led to some companies being unable to operate their networks and products normally, resulting in unnecessary losses. So what is mining pool computing power We can divide it into three parts: block rewards, transaction fees, mining fees, and others The first is the mining pool In order to calculate the hash value obtained by each Bitcoin miner, it is necessary to calculate all the content that needs to be…
-
Grayscale Holdings and Trust Premium Rates in Mainstream Cryptocurrencies
According to reports, according to Coinglas data, the current total grayscale holdings amount to 20.674 billion US dollars, and the trust premium rate for mainstream currencies is as follows: BTC, – 40.23%; ETH，–52.64%； ETC，-66.04%； LTC，-43.39%； BCH，27.52%。 The negative premium rate of grayscale Bitcoin Trust rose to 40.23% Analysis based on this information:The message reveals the current total amount of Grayscale holdings in major cryptocurrencies, along with their respective trust premium rates. Grayscale is the world’s largest digital currency asset manager that provides investment products in the form of cryptocurrency trusts. The data comes from Coinglas, a digital currency research platform that provides insights into the digital currency market. According to the message, the current total Grayscale holdings amount to 20.674 billion US dollars. This figure confirms the growing interest in cryptocurrencies among institutional investors. Grayscale believes that cryptocurrencies are an essential investment asset class and provides various crypto investment products such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic….
-
What exactly is krt coin (krt coin official website)
What exactly is KTC? According to Cointelgraph, what exactly is KTC? Ktcoin is a Cryptocurrency created and developed by Mark Cuban. It is an ERC-20 token that is 1:1 linked to Bitcoin, with built-in decentralized exchanges, low transaction costs, and strong liquidity. In addition, it also has a community controlled blockchain platform and wallet, which can provide users with safe and reliable wallet applications What is ktecoin and what are its functions? The following is the official announcement of the project. (BlockBeats) KRTTCoin official websiteAccording to official information, the KRTTCoin official website has now been officially launched. It is reported that “Kratos” is an open source decentralized Cryptocurrency project based on Ethereum, which provides users with safe, convenient and low-cost Cryptocurrency payment services, trading platforms and other functions It is reported that Blockchain Daily has launched the “Digital Asset Issuance Platform” on December 10, 2019. This website is sponsored by BlockchainLife and supported by the U.S. Securities and Exchange Commission…
-
NOWNodes Prepares for Shibarium Main Network Launch
On February 22, NOWNodes tweeted that their engineers were making full preparations for the launch of the Shibarium main network, which will be released later …
-
#Bitcoin Network Update: Unconfirmed Transactions, Network Computing Power, and Transaction Rates
According to reports, BTC.com data shows that the current number of unconfirmed transactions across the Bitcoin network is 11056, the overall network computing power is 337.92 EH/s