Money laundering of $ 88 million by criminals through digital currency exchanges
The Wall Street Journal recently claimed that more than 46 digital currency exchanges around the world over the past two years have contributed to the money laundering process worth over $ 88 million.
The magazine has conducted an inventory of 2,500 electronic wallets linked to criminal activity. The British company Elliptic, which is active in blockading crime, has also contributed to this research.
One of the biggest unauthorized investors is the ShapeShift AG website, registered in Switzerland and operating in the United States. The currency exchange facility, which provides an anonymous exchange of Bitcoins and other digital currencies, has contributed to more than $ 9 million in money laundering. Of course, the site recently announced its commitment to KYC standards to create more transparency in its operations.
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It turns out that a few corrupt people use cryptocurrencies to launder money, and because of it we have to fill KYC to transfer two USD. It's pure hypocrisy