The Treasury of the United Kingdom has prepared a report regarding the illicit finances and money laundering. It would be good to know what the analysts of one of the financial hubs of the world think. Turns out they decided that
cryptocurrency poses “low risk” of becoming the main tool for terrorism financing in the next five years.
As for money laundering, here it’s not as good: cryptocurrency is often used for avoiding governmental control of finances due to its highly decentralized structure, and the authors of the Treasury’s report fully acknowledge this and writ about the laundering of “low amounts at high volume.” The more the use of digital currencies grows, the more it will be used for this purpose, Treasury researchers conclude.
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