Results for tag “Digital Currency

AML

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In the News

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Digital Currency

PaymentsJournal: Cryptocurrency is Better for Anti-Money Laundering than You Might Think

Author: Matt Van Buskirk, Co-CEO and CoFounder, Hummingbird Learn how technology can benefit AML compliance pros in their fight against financial crime in this article from the PaymentsJournal: Cryptocurrencies are a haven for fraud, money laundering, and all sorts of criminal activity —this has been a truism since the first days that cryptocurrencies became a topic of conversation in regulatory circles. This perceived risk carried through to compliance functions in banks across the country, w

July 20, 2021

In the News

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Digital Currency

Digital Transactions: Central Banks Are Pondering the Privacy/Transparency Balance of CBDCs

“We are looking very carefully at the question of whether we should issue a digital dollar,” said Federal Reserve chairman Jerome Powell in testimony before the Senate banking committee. “We are the world’s reserve currency and we have a responsibility to get this right.” As digital currency moves from the outer edge of crypto to a future replacement for fiat cash, governments have had to consider a complicated range of risks and benefits in issuing central bank digital currencies (CBDCs)... R

April 13, 2021