UK Treasury: Cryptocurrencies Pose Low Terrorist Financing Risk

The U.K. government’s economic and finance ministry has released a new policy document stating that cryptocurrencies like bitcoin pose a “low risk” for terrorist financing.

According to the HM Treasury paper, the country’s National Crime Agency (NCA) also deemed that the risks of digital currency use in money laundering are “relatively low.” However, it went on to claim that cryptocurrencies are used to “launder low amounts at high volume.”..

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