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Saturday, October 7, 2017

Crypto News: Bitcoin Gives Window into Rampant Money Laundering

Bitcoin Gives Window into Rampant Money Laundering

Money laundering has always been a problem even before the time of Bitcoin, however, BlackRock’s CEO, Larry Fink has taken an interesting assessment of what Bitcoin can do.

The investment management corporation head thinks there is merit in Bitcoin, however he sees its rapid rise as an indicator that may help to identify the extent of money laundering happening across the globe.

Bitcoin, while not to be blamed, has become a tool of money laundering, and that for Fink is indicative as to how much money laundering is going on globally.

The rapid ascent of cryptocurrencies “identifies how much money laundering there is being done in the world,” Fink said.

Full story at

Source: CoinTelegraph

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