Caixin
Nov 30, 2021 04:24 AM
FINANCE

Central Bank Targets Money Laundering Using Virtual Assets

What’s new: A senior official of China’s central bank suggested establishing a governance mechanism to combat money laundering using virtual assets in the digital era.

With natural isolation from the real world and the nature of interconnectivity, virtual assets can easily become a money laundering tool for criminals, Gou Wenjun, director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China (PBOC), said at a financial security summit.

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