Crypto Surveillance Economics: Why AML Is the Key Driver
In the early days of cryptocurrencies, the anonymity and decentralization of the technology were touted as the hallmarks of the blockchain revolution. Cryptocurrencies such as bitcoin hailed a financial system where there were no regulations or a middleman controlling the flow of money. However, as cryptocurrency gained traction in the financial sector and became integrated with the traditional system, regulation became an inevitability.
Today, the growth of blockchain monitoring and compliance is driven less by ideology and more by economic necessity. At the center of this shift is the challenge of identifying and managing tainted assets—digital funds linked to illicit activity such as money laundering, fraud, ransomware, or sanctions…
