Blockchain Makes Money Laundering Risks Greater-Says Swiss Regulator

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"Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology" warned by FINMA.And also the regulator warns that blockchain and crypto assets exacerbate the country’s already existing money laundering risks.The regulator admits that,while these new technologies promise efficiency improvements in the financial industry,they also increase the threats of money laundering and terrorism financing.


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