Project Crypto

There once was a time not that long ago when AML (Anti-Money Laundering) compliance was a costly and complex process for large companies and banks. The advent of blockchain technology and the increasing popularity and adoption of cryptocurrency provided both opportunities and challenges to AML compliance. Whilst in the traditional financial world, AML compliance and adherence to a universal set of guidelines, is mandatory and there are sanctions such as fines for non-compliance institutions, in the crypto world, the same sort of universal compliance has yet to fully evolve.   Despite the lack of regulation, or because of it, the crypto world has boomed. It is now at a point where there is so much institutional investment and adoption that it is to differentiate where traditional finance ends and crypto begins.   Crypto exchanges have quickly become an integral part of the financial ecosystem systems. However, there is a strong argument that with universally recognised regulation