Opportunities Revolutionize The Current Financial and Commerce System
While virtual currencies offer many opportunities to revolutionize the current financial and commerce system, equally great risks exist relating to money laundering, sanctions compliance, and terrorist financing. Banks and virtual currency operators that can achieve robust levels of anti-money laundering (AML) and sanctions compliance and overcome the various compliance challenges will likely reap the rewards in the future.
The numbers of virtual currencies and exchanges have grown explosively in…
