Money laundering in cryptocurrency poses significant challenges in cyber risk management, as digital currencies offer anonymity, speed, and global reach, making them attractive for illicit activities.
The decentralized nature of cryptocurrencies, such as Bitcoin, complicates efforts to trace and regulate financial transactions, creating vulnerabilities that cybercriminals exploit. One primary concern is the use of cryptocurrency exchanges to convert illicitly obtained funds into legitimate assets. These exchanges, often lacking robust Know Your […]
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