Coinfirm: “Cryptocurrencies are better protected from money laundering than traditional finance”
The head of development at Coinfirm is confident that the development of AML and KYC has made it difficult to use cryptocurrencies for illegal transactions and this has attracted new investors to the industry. Durgham Mushtaha, business development manager at Coinfirm, an analytics company, said that unlike fiat currency, transactions with crypto assets are much easier to track using anti-money laundering (AML) tools. He added that the introduction of “Know Your Customer” (KYC) procedures for…
