Switzerland’s regulator highlights crypto growing money laundering risks

Switzerland’s financial regulator, the Financial Market Supervisory Authority (FINMA), has raised concerns about the risks of using cryptocurrencies for money laundering. The regulator mentioned this in its 2024 Risk Monitor report, noting the growing adoption of crypto, particularly stablecoins, for illegal activities. According to the regulator, Switzerland’s status as a major wealth management hub for

Source: Cryptopolitan