The closed-network structure of Facebook’s Libra cryptocurrency could be enough to allay lawmakers’ concerns about anti-money laundering (AML) risks, technologists have suggested.
Since being unveiled in June, Libra has roused plenty of concern from lawmakers about the potential of cryptocurrencies to be used to abet fraud, money laundering and other financial crimes — but there are key differences between Libra and other well-known cryptocurrencies, such as Bitcoin, that could make it easier to maintain security and integrity within the network.
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