Illicit crypto transactions lower than in traditional finance

Illicit crypto transactions lower than in traditional finance

In South Africa and many countries globally, the crypto industry now has the same controls as traditional finance – but with additional tools that allow for greater transparency, making financial crime more difficult. This is according to Johan Hetzel, global head of compliance and anti-financial crime at Luno, who says: “The idea that crypto is for criminals is not only outdated, it is wrong. In reality, crypto platforms face the same scrutiny …