“Anti-money laundering and know-your-customer compliance is easier for banking and financial institutions when they deal with virtual currency exchanges rather than cash, says the founder of what may be Hong Kong’s first licensed Bitcoin exchange. Aurélien Menant, a former investment banker at Société Générale and now chief executive and founder of Gate Digital Services, said Bitcoin’s traceability feature would help institutions with compliance and risk management.”
http://www.thebitcoinchannel.com/archives/18000
Related posts:
Western Media's Pravda-Like Lies on Syria Bombing
Crisis and Opportunities: An Elliott Wave Overview of the Markets
Bees Brothers keep thriving and already mined their first Bitcoin
The biggest scams in Bitcoin history
Equifax comes clean that it lost thousands of users' passports too
Jacob Hornberger: Rand Paul Is Wrong. Leave Iraq Alone!
Jury Nullification Victory For New Jersey Weedman
Administration Gives States Conditional Okay on Marijuana Legalization
Over 1,200 Minnesota Parents Are Suing to Shut Down Child Protective Services
James Bamford: Connecting the Dots on PRISM, Phone Surveillance, and the NSA’s Massive Spy Center
California lieutenant governor: ‘Do the damn right thing’ and legalize marijuana
US to criminalize undeclared cash, bitcoin, gift cards, prepaid phones
Repeal the "War on Terror"
DEA Targets FedEx, UPS in Online Pharmacy Battle
U.S. Government Forbids Ammo-Making Equipment from China