RATE Group | Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government
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Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government

03 May Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government

Posted at 06:35h in Bitcoin News by

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Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government



Regulation

Bitcoin is often accused by regulators, governments and central bankers as being a tool for money laundering by criminal organizations, usually without presenting any evidence. A new report from Hong Kong, a major international financial hub and nexus for trade between China and the whole world, spells this out clearly. 

Also Read: Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked

No Evidence of Money Laundering

Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong GovernmentThe government of Hong Kong has published on Monday its 2018 Money Laundering and Terrorist Financing (ML/TF) Risk Assessment Report. The paper examines threats and vulnerabilities facing the city with regards to the recommendation of the Financial Action Task Force (FATF), the inter-governmental body…

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