Blockchain could provide the answer to the anti-money laundering issues that crypto-currencies face » Brave New Coin

October 4, 2017

The current AML system was originally tailored to address existing centralized financial services systems. By default, these guidelines cannot account for a finance system based on intrinsic anonymity. Rather, AML relies on the ability to monitor and exploit the Know Your Client (KYC) process, identifying information which every financial institution is required to account for by law.

Source: Blockchain could provide the answer to the anti-money laundering issues that crypto-currencies face » Brave New Coin

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