Analysis: With the introduction of FATF regulations, mixed application of tokens becomes a regulatory target

According to previous reports, Twitter user Catxolotl has received Binance Singapore's frozen BTC after promising that it will not use Binance UTXO (unused transaction output) to trade with the token hybrid service. Many cryptocurrency supporters believe that issues like Wasabi / Binance are just the beginning of a large-scale privacy struggle. Governments around the world and the Financial Action Task Force (FATF) are preparing to crack down on exchanges after FATF has realized that the "travel" rules definitely apply to cryptocurrencies. For years, governments have targeted tools such as CoinCoin's BTC mixers as targets for combating money laundering and terrorist financing. The Bitcoin.com article states that the perception that exchanges have removed privacy coins, law enforcement agencies have cracked down on the mixer, and recent issues raised by Binance customers' use of Wasabi merely indicate more about the FATF-driven agenda against cryptocurrency. As we all know, huge changes will take place after the G20 leaders' summit in Japan in June. At the time, G20 participants, including leaders of the European Union, the United States, Germany, Japan, South Korea, the United Kingdom and India, reiterated that the FATF rules would apply to the digital currency ecosystem. By the spring of 2020, due to the FATF regulations, the entire cryptocurrency environment may be completely different. Of course, any privacy-related things, such as the use of wallets that support mixed currency functions such as Wasabi, will not be allowed.