RATE Group | Cryptocurrency to come under money laundering, disclosure laws
65299
wp-singular,post-template-default,single,single-post,postid-65299,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency to come under money laundering, disclosure laws

14 Oct Cryptocurrency to come under money laundering, disclosure laws

Posted at 07:21h in Cryptocurrency News by

[ad_1]

Cryptocurrency: This is what Bitcoin mining looks like Newsweek

Many countries are still getting grips on the concept of cryptocurrency, yet the virtual currency is growing by leaps and bounds, without the string of regulations that come with regular currency.

Currency regulation is important in current times for not just the stability of the global economic system, but even for global safety. Money laundering and terror financing are major concerns for global monetary institutions such as the International Monetary Fund. Cryptocurrency, since it is a virtual currency, which is not under the purview of any government, is increasingly raising concerns worldwide.

In this financial environment, US financial regulators such as the US Commodity Futures Trading Commission (CFTC) has raised concerns about cryptocurrency. It has also issued warnings to cryptocurrency holders, that the virtual currency will be held to the rules that control regular currency.

The CFTC, the US Securities and…

[ad_2]

Source link

Tags:
, , , ,