🔥Hot News! The latest report from the UK government points out that cryptocurrency companies are considered one of the industries with the greatest risk of money laundering. 🔍This conclusion comes from the risk assessment of 238 companies by the Financial Conduct Authority (FCA). Between 2022 and 2023, cryptocurrency companies are ranked alongside retail banks, wholesale banks and wealth management industries as the industries most likely to be used for money laundering.

👮‍♀️Since 2020, the FCA has been ensuring that cryptocurrency companies comply with its anti-money laundering rules. The British police have also set up cryptocurrency tactical advisers across the country to help recover digital assets related to crime. They have successfully recovered hundreds of millions of dollars worth of cryptocurrencies.

📊Report data shows that the FCA has 52.8 full-time financial crime expert employees responsible for anti-money laundering supervision, of which 15.8 are focused on regulating cryptocurrency businesses. During the reporting period, the broader regulatory team also conducted 95 case investigations related to crypto assets. Despite the challenges, we remain confident in the prospects of Bitcoin! 💪 (CoinDesk)