THE VIRTUAL CURRENCY WORKS EXPANDS AND DIVERSIFIES – INCREASING HEADACHES FOR AML REGULATORS
February 18th, 2024
The doomsayers who in 2022 predicted the collapse of cryptocurrency as a major payment instrument have been proved wrong, meaning that AML regulators and obliged entities will need to focus hard to fight the abuse of these digital payment systems by criminals.
Indeed, on February 9, international crypto information service CoinGecko reported that the global cryptocurrency market cap that day was worth USD1.87 trillion, up 3.53% on the previous day and 75.98% up year-on-year. Bitcoin continued to be dominant at USD928 billion, comprising 49.64%. Of the crypto ...
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