Cryptocurrency exchanges in states without agencies dedicated to detecting and preventing money laundering and terrorism provide an opportunity for international transactions to be conducted outside appropriate oversight. These connection points risk becoming hubs for international terrorist groups.

University of Minnesota - Twin Cities

Cryptocurrency exchanges serve both as marketplaces for selling and buying
cryptocurrencies online and as connection points between digital spaces and traditional financial mechanisms. Their potential use for the financing of terrorism has made them the focus of. anti-money laundering and counterterrorism regulators.

Significance of cryptocurrency exchanges in terrorism financing

Wolf, Siegfried O. (2021). Terrorism financing: Crypto-Taliban? South Asia Democratic Forum. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3941105

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