Hong Kong Government: Blockchain May Increase Money Laundering Risks



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    The post Hong Kong Government: Blockchain May Increase Money Laundering Risks
    Amid the surging demand for the Blockchain technology, the Hong Kong Monetary Authority (HKMA) warns banks and financial institutions that the implementation of decentralized Blockchain networks may increase money laundering risks, creating an ideal environment for the emergence of criminal activities and illicit transactions.
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