Virtual assets, such as cryptocurrencies, can be exchanged, held, safeguarded, sold, converted, or transferred by individuals or legal entities. These virtual assets have gained significant popularity in recent years, leading to a growing number of individuals and businesses engaging in transactions involving them. Cryptocurrencies, being a form of virtual asset, are decentralized digital currencies that utilize cryptography for security. They provide a means of conducting peer-to-peer transactions without the need for intermediaries like banks. As a result, individuals and legal entities have become actively involved in activities related to virtual assets, including trading, storing, and transferring cryptocurrencies.
HomeDIGITAL ASSETS REGULATORYbis_asset_updateUtilizing Data, Technology, and Collaboration to Fight Money Laundering Across Various Sectors:...