n nn nn Crime isnt supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering. In 2017, Japans National Police Agency discovered fewer than 700 instances of crypto money laundering. Last year, they found more than 7,000 cases. What is it about this new asset class, which is enabled by blockchain distributed ledger technology, that makes it so appealing

Source and More information: Op Ed Hanging Money Launderers Out to Dry The Role of KYC/AML in Blockchain

Author: CryptScout.com