A recent report from the UK Treasury regarding monetary policy in the country has been released, providing a summary of analysis over a number of financial topics. The paper, expressing the views of the National Crime Agency (NCA), deals with Bitcoin and its usefulness in crime.
Low risk of laundering
In spite of the widespread opinion that Bitcoin is mostly being used for money laundering (Larry Fink for example), the report indicates that the risk for money laundering is actually relatively low. According to the report: […]
Read Full: Bitcoin Low Risk For Money Laundering, High For Cybercrime: UK Treasury