Southeast Asia needs strong cryptocurrency laws to address fraud, terror financing

Southeast Asia needs strong cryptocurrency laws to address fraud, terror financing

From aseantoday.com

The growing popularity of cryptocurrencies in Southeast Asia has governments struggling with the question of how they should be regulated. As cryptocurrencies are privately controlled and not considered legal tender in most countries, the question of governance presents new challenges for financial regulators. Southeast Asian governments need to coordinate and act quickly, as cryptocurrencies increase the risk of fraud in the growing e-commerce industry and have also already been used to channel finances to terrorist groups. ASEAN countries need to act quickly on cryptocurrency policies The popularity of ... (full story)

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