Billion-dollar money laundering case: Two sides to using blockchain technology, crypto

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Billion-dollar money laundering case: Two sides to using blockchain technology, crypto
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They may offer many tools for concealment, but they also allow the authorities to better track such fund flows. Read more at straitstimes.com.

SINGAPORE – Digital assets and blockchain technology may offer many tools for criminals to conceal the funnelling of illicit gains, but they also allow the authorities to better track such fund flows compared with conventional money laundering means, market players said.

This is because a public blockchain, on which digital assets like cryptocurrencies and tokens are transacted, works like a public ledger.Get exclusive reports and insights with more than 500 subscriber-only articles every month

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