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Crypto, Financial Crime

NEWS: Cryptocurrencies used for criminal purposes in the ‘absence of effective regulation,’ warns Europol in new report

By Elizabeth Hearst for AMLi

Cryptocurrencies are a “technical and financial innovation that hold high potential for the global economy”, but are used for “criminal purposes in the absence of effective regulation”, according to Europol. 

In its latest report – Cryptocurrencies: tracing the evolution of criminal finances, Europol says the use of crypto for “criminal activities and laundering of profits” has grown over the past years in terms of volume and sophistication.

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