Opinion: FATF reform will make each exchange a financial institution, and Libra is more likely to be adopted in the US than BTC

On October 5th, eToro senior market analyst Mati Greenspan said that the FATF has proposed some potentially frustrating reforms, and they hope that all cryptocurrency exchanges will comply. Beginning next year, all cryptocurrency exchanges will be considered financial institutions. Facebook's Libra has a greater chance of circulation within the US due to its large and loyal user base, and countries like the US still don't need "bitcoin."