AML

Critics of Bitcoin call for strict regulation of Bitcoin, citing the crypto coin’s almost instantaneous transaction time with relative anonymity. Anti-Money Laundering (AML) legislation has been used along with Know Your Client ( KYC ) laws to prosecute some Bitcoin businesses under the guise of money laundering activity.

Reference:

Malone, J.A (2015). Glossary of Bitcoin Terms and Definitions. United States: Lulu Press, Inc

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