LONDON: Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Sept 29, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among the chief worries.
Around 60% of respondents from financial firms, government and the private sector alike to the survey by the Royal United Services Institute think-tank and the Association of Anti-Money Laundering Specialists said cryptocurrencies were a risk rather than an opportunity. Illicit usage was the major concern.