Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

Cointelegraph | Nov 13, 2019 at 11:50 AM
  • Cryptocurrencies came to life as a counterweight to the global financial restrictions that are powered by banks and regulators through the use of fiat.
  • Early on, criminals quickly realized the benefit of anonymous and decentralized trading, and thus started using cryptocurrencies to fund their illicit activities and to launder money.
  • The recent upsurge in cryptocurrency payments and related activities highlights the key fears surrounding cryptocurrencies being involved in money laundering.