Express

SWIFT Report: Fiat Preferred To Launder Money Yet Use Of Cryptocurrencies Will Rise

Tracy CHEN

Summary: According to a report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the role of cryptocurrencies in money laundering is overstated and unfounded, with fiat money still the most used method for such illicit purposes. However, SWIFT stated that the use of cryptocurrency for laundering stolen bank funds will rise in the future. Tracy ...

According to a report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the role of cryptocurrencies in money laundering is overstated and unfounded, with fiat money still the most used method for such illicit purposes. However, SWIFT stated that the use of cryptocurrency for laundering stolen bank funds will rise in the future.

Tracy Chen

Last Update:

Tags:
Link: SWIFT Report: Fiat Preferred To Launder Money Yet Use Of Cryptocurrencies Will Rise   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 9 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 16 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 20 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 27 days ago
  • You need to login to comment.