Is crypto the haven for illicit money laundering? Not on Binances’ watch

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Unlike cash, which is nearly impossible to track, Blockchain has proven to be one of the most powerful tools for law enforcement. The immutable, public nature of the blockchain makes crypto a poor choice for money laundering because it allows law enforcement to uncover and trace money laundering far easier than cash transactions.

Binance has the world’s most sophisticated anti-money laundering systems and employs the most experienced anti-money laundering investigators; not only in crypto but in the world, and regularly provides law enforcement with leads and other information that helps them detect and deter crimes.

Source: Holiday News (holidaynews.net)

 

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