MAS says lack of global regulatory standard for virtual currencies cause for concern
The lack of an international framework for dealing with virtual currencies is making it more difficult for regulators to prevent them from becoming conduits for money laundering and terrorism financing, according to the Monetary Authority of Singapore (MAS).
"There is currently no global standard on how virtual currencies should be treated. While regulators internationally are still grappling with this issue, [money laundering and terrorism financing] risks continue to grow," the central bank
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