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Wild West Days for Crypto Money Laundering Ending

This week, blockchain investigator firm CipherTrace released its Q2 2019 anti-money laundering report.

The company’s latest high-level analysis comes as many things in the cryptoeconomy are changing — like the new FATF rules and Facebook’s planned stablecoin debut — while others aren’t changing at all, like the reigning dominance of bitcoin (BTC) in dark markets.

As tides in the ecosystem shift and awareness grows, it’s imminently going to become increasingly difficult for cybercriminals to rely on cryptocurrencies, CipherTrace argued:

“All of these illicit funds need to be laundered, but bad actors will have a harder time doing so as tough new Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations passed in 2018 are coming into effect globally over…

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