EU Amends AML Laws for Cryptotrading as US Ponders

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January 6 2018

Larry Fink, CEO of the world’s largest asset management company, BlackRock, told a panel at the Institute of International Finance:

“Bitcoin just shows you how much demand for money laundering there is in the world. It’s an index of money laundering.”

Fink’s sentiment about virtual currencies reflected that of an IRS Criminal Investigation division official who told reporters in 2013 – after concluding a multi-jurisdictional investigation and shuttering a $6 billion virtual currency exchange for money laundering:

“If Al Capone were alive today, this is how he would be hiding his money.”