Mar 12, 2019
Alexander Geralis, the Chief Product Officer of cXchange, has spoken to BloxLive TV commenting on the latest crypto news, in particular, some of the most popular social networks’ plans to launch their coins and money laundering in crypto, or rather lack thereof.
Facebook and Telegram Launching Their Own Cryptocurrencies
With the recent New York Times’ look into possibilities of Facebook launching a cryptocurrency and Telegram considering to distribute their own tokens to users, it looks like blockchain is finally being worked into applications to allow seamless instant and secure transactions between users.
In his interview with BloxLive TV discussing this news, Alexander covered:
Money Laundering and Crypto Lack Thereof
According to the recent report from the National Police Agency of Japan, money laundering is on the rise. Cryptocurrencies are often singled out as high risk for laundering and illegal activities. But, is this really true? The last calendar year has seen record-breaking fines handed out to banks failing to sufficiently oversee AML/KYC requirements, which became a normal quarterly happening for many of them.
Alexander and BloxLive TV have gone over some of the figures and if crypto really is as high risk as many are being led to believe, covering: