The Bank for International Settlements (BIS) has introduced a compliance score system for crypto-to-fiat exchanges, designed to identify potentially illicit assets. Provenance-based risk scores will play a crucial role in preventing the movement of tainted funds.
As of 2024, stablecoins have overtaken Bitcoin as the primary asset for criminal activities, reportedly comprising 63% of illegal crypto transactions. The BIS recommends imposing compliance requirements on both crypto holders and exchanges.
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