Panama’s President Laurentino Cortizo said he will not sign the new cryptocurrency bill until it provides provisions for stricter anti-laundering controls, Bloomberg News reported on May 19. President Cortizo wants strict money-laundering controls The legislative assembly passed the bill last month after several deliberations, but Cortizo said the bill needs to ensure it complies with…
The rise in cryptocurrency-related crime we’ve seen in the past year has been somewhat expected. As the crypto market grows, so does the number of malicious actors that operate in it. To read the rest of this article, sign in or join CryptoSlate Edge. CryptoSlate Edge helps you understand the cryptoasset market more clearly. We…
Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem. This year’s report summary shows that while the total amount of laundered money increased by 30%, only a small fraction of all transactions come from illicit activities. As per the report, cybercriminals…