Held to account – regulation of cryptocurrency exchange [Video]

Virtual currencies pose a serious money laundering risk as long as they can be exchanged anonymously. Jurisdictions and the Financial Action Task Force, meanwhile, are working on perimeter controls to force disclosure of wallet/account-holders, as well as record-keeping and reporting requirements, just as exist for traditional money. Carol Van Cleef, CEO of cryptocurrency and blockchain consultancy, the Luminous Group, and a practising lawyer, spoke to Michael Kosmides about developments in the sector and how well regulation is keeping up.