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by Mengkudulangsat
1863 days ago
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Cat is out of the bag I think. Even if you shut down the cashing out infrastructure (exchanges) in the affected countries, it will quickly spring up again in countries belligerent to them. The FATF is the main global body trying to curb this, but my hunch is they will lose this battle long-term. Imagine if you are on the FATF red list [1] and you announce a free-for all domestic exchange for local spending. It's free FDI. [1] http://www.fatf-gafi.org/countries/#high-risk |
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