BIS Dey Propose Crypto AML Compliance Scoring and Fiat Limits
BIS don propose one AML compliance scoring system for crypto tokens wey dey introduce risk-based AML compliance scores wey dem take get from on-chain transaction histories. Under the plan, exchanges go block token-to-fiat conversions if token score fall below national thresholds. Assets wey dem dey transfer often through suspicious wallets go get lower scores, while low-risk tokens fit get wider acceptance among institutional investors. The proposal aim to make AML compliance strong, improve digital asset security and encourage responsible DeFi innovation. Main challenges na to make sure say the scoring correct, avoid false positives and make sure regulators from different countries agree. Traders suppose dey watch out for how dem go implement am and threshold settings from jurisdictions as this plan fit change how exchanges dey do compliance and fit affect token liquidity.
Neutral
Di announce wey BIS do about di AML compliance scoring system no too go affect crypto market much. Short term, traders fit face sabi adjustments to compliance and liquidity constraints for tokens wey dem get low score, but dis policy no dey directly push prices. For long term, di system fit make institutional confidence and market security strong by comot high-risk assets, and dat one fit support token value. Past examples show say when regulators clear, e dey help stabilize market, but if dem no implement am well or arguments about scoring show, e fit cause small wahala for short time. Overall, di balance dey between compliance costs and better market integrity.