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Crypto Offers Answer to Money Laundering Crisis: Global Alert Network Called 'Beacon'

Summary by Coin Desk
Money laundering has long been a scourge of the cryptocurrency sector, and the industry has a new answer meant to demonstrate it can head off major problems before they accelerate: the Beacon Network.The new system of illicit-activity alerts, which has been building behind the scenes under the management of TRM Labs, is now officially operational under a broad coalition of law enforcement agencies, exchanges, analysts, individual crypto sleuths …

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The Record broke the news in Waterloo, Canada on Wednesday, August 20, 2025.
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