UK crypto exchanges pose low money laundering risk, global watchdog reports

posted 6 months ago
Cryptocurrency exchanges in the UK present a “low risk” for money laundering and terrorist financing activities, according to a report published by the Financial Action Task Force, a global anti-money laundering policymaker.

The report states that while such activities are an “emerging risk,” there is not enough evidence to suggest they are occurring through crypto exchanges. The regulator asked the UK authorities to: “Continue to develop an understanding of emerging risks (such as virtual currencies) and intelligence gaps, and take appropriate action.”
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