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Syracuse, D., Boehm, J., & Lundgren, N. (2022). Anti-Money Laundering Regulation of Privacy Enabling Cryptocurrencies. Added by: Jack (1/8/23, 3:28 PM) Last edited by: Jack (1/8/23, 4:44 PM) |
Resource type: Book BibTeX citation key: Syracuse2022 View all bibliographic details |
Categories: Monero-focused Creators: Boehm, Lundgren, Syracuse |
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Attachments perkins-coie-llp-white-paper-aml-regulation-of-privacy-enablin.pdf [12/1048] | URLs https://urosario.e ... rivacy-enablin.pdf |
Abstract |
Privacy-enabling cryptocurrencies, commonly known as privacy coins, are enhanced versions of early cryptocurrencies that were developed to protect the financial privacy of individuals and businesses alike. Each privacy coin leverages innovative mechanisms that provide privacy, encryption, and security to its users. Alongside their positive effects, however, these mechanisms have raised an important compliance question: Is it possible for regulated entities to comply with anti-money laundering (“AML”) obligations when supporting privacy coins? The answer, in our view, is yes. This white paper proceeds in four parts, as follows: |
Notes |
Discusses the current AML regulation in detail for different jurisdictions.
The paper concludes: Privacy coins reflect a nascent, but important, effort to safeguard our fundamental interest in personal and commercial |