Friday, June 21, 2019

Ned! Ned Ryerson?

A powerful intergovernmental organization devoted to combating money laundering and terrorism financing has finalized its recommendations on regulating cryptocurrencies for its 37 member countries.
As expected, the Financial Action Task Force (FATF) standards released Friday include a controversialrequirement that “virtual asset service providers” (VASPs), including crypto exchanges, pass information about their customers to one another when transferring funds between firms.
Nightmaresville.


Ned has a real understanding problem. How exactly does all that information come from my iPod?  AppleID manages it for me, on a voluntary basis.  AppleID will have an app called conformal banking, and we download it and AppleID obeys all of Ned's stupid laws.  But if AppleID can obey and protect me, in this case, then there is no limit to other automated trading apps that AppleID can handle.

So, Ned in his absolute stupidity, actually requires the very technology he is trying to prevent, AppleID.  It is Google and Facebook that are lying to Ned. Ned needs  talk to Timmy, Timmy is much more aware of the issues.

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