The Currency Analytics

Zcash (ZEC) Is Compatible with the FATF Regulations and MGRC Results are In

By Steven Anderson

Zcash (ZEC) MGRC Results

ECC believe in the power of well-informed, educated policy-makers, and regulators who will be able to produce better regulation.

They have to state that they are engaging with policy-makers and regulators directly and by other modes of meetings to support the efforts of organizations like Coin Center, the…

They provide information through commentary, feedback, proposed legislation, regulation, education that is designed to improve the understanding of blockchain DLT technology and…

Electric Coin Company tweeted:  “We have been engaging with policy-makers and regulators and legislators on this topic as well.

For those who do not know, the Financial Action Task Force (FATF) is an inter-governmental body which is developing and promoting policies to prevent terrorist financing, money…

During June 2019, FATF came up with recommendations on how the cryptocurrency sector will be regulated from an AML or CFT perspective.

Sydney Ifergan, the crypto expert tweeted:  “Zcash are compatible with FATF regulations. And, at the same time caters to privacy. Good both ways.”

Zcash Foundation recently tweeted:  “The MGRC results are in! Congratulations @mineZcash, @ZbayApp, @SarahJamieLewis, @hudsonjameson, @cburniske.”

The first Zcash Major Grants Review Committee will be: “Hudson Jameson Sarah Jamie Lewis, Chris Burniske, Holmes Wilson, and Shawn.”

In a recent podcast, there was a chat about privacy in cryptocurrencies Zcash, and the potential for future, fully private stablecoins.

For those who are new to ZEC, The ZEC protocol is based on Zerocoin that was developed in 2013 and later turned into Zerocash.

The price outlook for ZEC is not really good; however, it is not unusual for ZEC to go through the worse crashes in the market to only bounce back over again.

Shielded Zcash transactions are absolutely private.  Just like Bitcoin, the Zcash transaction data are posted to the public blockchain; however, Zcash ensures that the…

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