Crypto Exchange Regulations To Cut Out Illicit Funds Worth Billions, Says Report

New research has suggested that regulatory controls on cryptocurrency exchanges could have a substantial impact on stemming the flow of illicit funds, which currently amounts to billions of US dollars.

A report published by blockchain analytics firm CipherTrace pointed to the incoming 5th Anti-Money Laundering Directive (5th AMLD) in Europe and parallel regimes elsewhere as evidence that the tide was largely turning against the use of virtual currency exchanges for illicit purposes.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial