2๏ธโฃ Despite clear regulations prohibiting virtual asset services, Qatar seems to be ignoring the issue.
๐ The FATF's report exposes Qatar's failure to effectively combat evolving forms of criminal activity, including sanctioning virtual asset service providers.
3๏ธโฃ In a shocking revelation, it appears that Qatar's understanding of complex money laundering and terrorist financing is severely lacking.
๐ The FATF urges Qatar to up its game and step up efforts to tackle these sophisticated crimes head-on.
4๏ธโฃ Back in December 2019, the Qatar Financial Centre Regulatory Authority warned that penalties would be imposed on any firm involved in #crypto assets.
๐ But it seems little has been done to enforce these penalties ๐ฑ
5๏ธโฃ While Qatar claims to have made progress in gathering beneficial ownership information, the FATF's report reveals there's still a long way to go.
6๏ธโฃ Qatar's authorities have been accused of not fully utilizing their sophisticated analysis capabilities to identify instances of money laundering.
7๏ธโฃ While virtual asset service providers are banned, it seems Qatar is secretly exploring the idea of a central bank digital currency (#CBDC).
8๏ธโฃ The governor of Qatar's central bank claims they're "evaluating the pros and cons."
9/ It's time Qatar must take action and clean up the act.
๐ The world is watching, and we demand transparency, accountability, and a genuine effort to combat financial crime.
Liked the thread! Donโt forget to retweet the first tweet and follow for more ๐ฅ๐
๐จ The 8 Events That Shook the #Crypto World ๐ฅ
Brace yourself for the jaw-dropping moments that shook the industry to its core ๐ฑ
A thread ๐งต
1๏ธโฃ Mt. Gox Hack (February 2014):
๐ The closure of Mt. Gox, once the largest #Bitcoin exchange, following a massive hack that resulted in the loss of 744,408 #BTC, leading to bankruptcy and investigations.
2๏ธโฃ Bitcoin Cash Hard Fork (August 2017):
๐ A disagreement among #Bitcoin developers led to a hard fork, resulting in the creation of Bitcoin Cash (BCH), which aimed to address scalability concerns by increasing the block size.
๐จ BREAKING: Arthur Hayes predicts MASSIVE bull market for #Bitcoin ๐
Get ready for the most EPIC #crypto ride of your life ๐ฅ
A thread ๐งต
1๏ธโฃ Arthur Hayes, the co-founder of BitMEX, just unleashed a mind-blowing prediction that will shake the #crypto world to its core ๐ฅ
2๏ธโฃ According to Hayes, the Federal Reserve and U.S. Treasury are secretly pumping massive amounts of liquidity into the financial system, effectively turning on the money printer at full throttle!
๐ This can only mean one thing: #Bitcoin's value is about to skyrocket ๐