UK Crypto Exchanges Pose Low Money Laundering Risk, Says Global Watchdog
Crypto exchanges in the U.K. pose a “low” risk for money laundering and terrorist financing, says a report from the Financial Action Task Force.
Terrorist Financing
New Jersey Office of Homeland Security and Preparedness Director Jared Maples predicted Wednesday that domestic terrorists will increasingly turn to bitcoin.
The blockchain analytics provider now offers a window into the data of more than 87 percent of the top 100 cryptocurrencies.
The report from an Israeli organisation claims the group used bitcoin to avoid sanctions, offer a degree of anonymity to donors and enable cross-border money transfers.
Terrorists are using bitcoin, but they aren't the only ones. Here's the real story about bitcoin usage in Palestine.
Exchanges will likely have to collect information about their clients' crypto transactions under new global standards expected in June.
