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ARTICLE · 18 FEBRUARY 2019

Call For AML/CFT Regulation For Cryptocurrencies

G M Corporate and Fiduciary Services Limited
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Ever since the creation of Bitcoin, cryptocurrencies have been applauded and welcomed for constituting an innovative method of payment without any recourse to financial institutions and their entailing bureaucracy.

MaltaTechnology
G M Corporate And Fiduciary Services
G M Corporate And Fiduciary Services
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Ever since the creation of Bitcoin, cryptocurrencies have been applauded and welcomed for constituting an innovative method of payment without any recourse to financial institutions and their entailing bureaucracy. While honest individuals rejoiced at cryptocurrencies' legitimate benefits; ranging from an increased degree of privacy and confidentiality to less transactional costs, cybercriminals saluted the decentralised networks and perceived anonymity behind cryptocurrencies for presenting them with the perfect crypto cleansing opportunity to launder money in an unprecedented and largely unregulated sector in the financial industry.

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