This implementation is good however they can't monitor everything in this space since there are privacy coins and decentralized exchanges, however on the other side this will slowly boost confidence for new investors for they knew this industry is slowly regulating. 

That's what I'm talking about! After reading this news, it gets in to my nerve and if that goes well, we can see an upward momentum by the end of this year. Achieving the goal of setting a set of Anti-Money Laundering (AML) standards for cryptocurrencies might be a hard task and needs an approval globally from the government but this will be a stepping stone for this industry to grow and evolve. Month of October will be exciting and all investors will surely look forward in to that AML rules and regulations.

I don't think countries all over the world will end up in an agreement. They cannot even get together to decide what to do with global warming or if global warming is even real or just a hoax to push a certain agenda.

It's basically impossible to have a "global money laundering standard". There will always be countries that will have their own view on their jurisdiction and unless the bigger countries want to bully them into accepting them (which is not good for a countrie's rep) there will be places were bitcoin owners aren't treated as criminals by default.

I also think there will be no global rule for bitcoin. There will be some countries don't implement the standards. Those country will be blacklisted and peoples from those countries might have some troubles when they want to make transactions.

 INTERNATIONAL ANTI-MONEY LAUNDERING STANDARDS FOR CRYPTO
The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19.

The FATF is an international organization established in 1989 at the initiative of the G7 in order to develop policies and standards to fight money laundering. The agency’s scope of activities further expanded to combat terrorism financing. The FATF currently comprises 35 member jurisdictions and 2 regional organizations.

The agency’s president Marshall Billingslea reportedly said that he expects the coordination of a series of standards that will close “gaps” in global AML standards at an FATF plenary in October.

At that time, the FATF will purportedly discuss which existing standards should be adapted to digital currencies, as well as revise the assessment methods of how countries implement those standards. Billingslea also outlined the importance of developing standards that can be applied in a uniform manner.

According to Billingslea, current AML standards and regimes for cryptocurrencies are “very much a patchwork quilt or spotty process,” which is “creating significant vulnerabilities for both national and international financial systems”. Billingslea, noted that despite the risks related to this kind of assets, digital currency as an asset class presents “a great opportunity.”

Reading the article, I would conclude that its just a mere speculation on their own part to send some panic into the market and see the overall effect when they are coming with their proposal and more so I feel its a way to send the message to the market that the money bags should start looking elsewhere and by the time they launch, they can claim credit for its effectiveness whereas their target culprit had already left the market for them.

When this come into play, nothing significant is expected to change in the short term because countries that are members would be expected to come up with their own framework for implementing the proposals.

I'm just wondering if they will implement this AML for all the centralized exchanges (I don't think it's possible to implement it, even just for the centralized exchanges), it it possible that centralized exchanges with AML and decentralized exchanges without AML will live parallel to each other?
Average Joes will use AML exchanges and others will use the decentralized ones?
Will decentralized exchanges be able to deal with fiat, or they will only exchange cryptos?
I don't think that exchanges who want to deal with fiat too would be able to escape the implementation of the AML/KYC/ETC...