Scan Bitcoin for Money Laundering Potential, says Finma

By May 6, 2015Bitcoin Business

Switzerland has been widely known as a tax haven for the wealthy individuals and business groups actively involved in money laundering and illegal activities. However, the Swiss Financial Markets Supervisory Authority FINMA looks willing to take strong measures to shed the undesirable tag. And at the center of its attention are activities related to cryptocurrencies such as Bitcoin.

In a February report, Finma said that the virtual currency Bitcoin needs to be treated as a […]

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