sanctions against crypto scams tied to Burma warlord in Karen state.
source:
https://home.treasury.gov/news/press-releases/sb0129
by 2027; MiCA and other "AMLR-like" regulations within the EU, UK, Australia and other nation states will come into force for KYC identification of crypto wallets (send/receive).
while jurisdictions such as Turkey, Dubai and Northern Cypress remains to be seen over time, it is now evidently clear that the corporate-point strategy will become the de rigueur protocol for taxation-driven anonymity.
this also implies the minimum value threshold to which any particular wallet will hold to cover anticipated trading, transaction processing and now regulatory compliance (corporate pass-through) overheads.
the commercial opportunity for custodians now opens up for wallet values below this threshold. very unfortunately, this creates, within the same window, a gap where criminals, scams and clowns in general will take advantage of to conduct fraud.
Please, be vigilant.
#crypto #money #bitcoin #future
