FATF Summary | New Worldwide Regulation of Crypto Currencies

Governments Planning Worldwide Regulation of Crypto Currencies

The worlds’ wealthiest nations are aiming for cryptos, restricting, amongst others, the following:

  • Peer-to-Peer Transactions;
  • Stablecoins;
  • Private wallets (cold storage, phone and desktop apps);
  • Privacy (privacy coins, mixers, Decentralized exchanges, use of TOR and I2P);
  • Former ICOs and Future Projects (DeFi, NFT, smart contacts, second layer solutions, and much more).

In addition, these new regulations intend to: Continue reading “FATF Summary | New Worldwide Regulation of Crypto Currencies”

How To Recognize a Crypto Currency Scam

People often ask me advice about crypto investments. They have read about a amazing new coin, but wonder if this cryptocurrency is a scam.

In some cases, they’ve already invested and are trying to get their “investment” back.

It goes somewhat like this:

“Hey Wes, I’ve found this new XYZ coin. It is a new way of doing XYZ and it’s going to revolutionize the world. What do you think?”

Since this happens a few times each year, I’ve developed a few routine questions. Usually, it takes me a couple of minutes to figure out if it’s a scam or not. I might not even have to look at the website.

Some scams are setup quite well, and require a deeper look (but never to deep). Continue reading “How To Recognize a Crypto Currency Scam”