Cryptocurrency Anti-Money Laundering (AML) Analysis

With the continuous development of cryptocurrencies, their characteristics of anonymity and difficulty in recovering funds, along with the incomplete cryptocurrency legislation, are increasingly being used by criminals as money laundering tools. AML (Anti-Money Laundering) consists of regulations and laws that prevent illegal capital flows and money laundering. Fighting illegal criminal activities has never ceased since ancient times, while the concept of 'money laundering' only has a history of about 100 years. In 1989, the Financial Action Task Force (FATF) was officially established.