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.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.