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Author Topic: [2016-11-15] Hong Kong Monetary Authority Sees Blockchain as a Money Laundering  (Read 131 times)
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November 15, 2016, 06:50:47 PM

A recent assessment from the Hong Kong Central Bank has warned that blockchain could increase the risk of money laundering, according to The Business Times.

In a study, the HKMA said even though bitcoin’s distributed ledger could save on cost and cut down on time, it also had the potential to provide criminals with a way of undertaking illegal activities.

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