Crypto regulation to curtail illicit use

Crypto regulation to curtail illicit use

Mark Carney, the governor of the Bank of England has urged the institution to format ‘rigorous regulations’ so as to curtail the use of cryptocurrencies in money laundering and other illegal financial activities. He added that the cryptos, currently, do not pose a threat to the financial system. Risks may evolve over the increase in the use of cryptos.

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