TECHNOLOGY COULD BE THE SOLUTION FOR PUSHING ML&TF OUT OF VIRTUAL CURRENCIES, SAY EXPERTS

Robust international enforcement of revised AML guidance will improve current weaknesses in cryptocurrency compliance, according to financial services analysts. Current figures indicate about 3,000 separate cryptocurrencies being traded with a value of USD221 billion, according to Yahoo Finance on October 8. The top ten (of which Bitcoin remains the most valuable) are worth USD194 billion collectively, down USD88 billion since July 8. With new currencies constantly evolving, additional anonymising technologies being deployed, allegations of criminality ...


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