[2016-11-15] Hong Kong Monetary Authority Sees Blockchain as a Money Laundering

[PHPSELLER]

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.


Read More: https://www.cryptocoinsnews.com/hong-kong-monetary-authority-sees-blockchain-money-laundering-risk/