Blockchain Weekly Recap 6-11-2016

Blockchain Weekly Recap 6-11-2016Hong Kong Regulator: Blockchain Can Help Banks Thwart Money LaunderingAccording to one Hong Kong regulator, the blockchain may have a central role to play in helping banks in their battle against financial crimes like money-laundering. That may sound like a strange thing for any of today’s elites to suggest, especially given their continual claims that blockchain-enabled digital currencies like Bitcoin could actually facilitate such criminal activity. However, Benedicte Nolens, the Hong Kong Securities and Futures Commission head of risk and strategy recently went on record as suggesting that very thing.In a presentation at the MIT Technology Review Emtech Conference, Nolens noted that distributed ledger technology has the potential to aid banks in meeting compliance standards involving things like Know Your Customer and Anti-Money Laundering – areas that…


Link to Full Article: Blockchain Weekly Recap 6-11-2016