Photographer: Brent Lewin/Bloomberg

Hong Kong Central Bank Flags Blockchain Money-Laundering Risk

  • Anonymity raises risk of illegal activity: HKMA report
  • HKMA unveiled fintech hub, regulatory sandbox in September

The Hong Kong Monetary Authority has released a sobering assessment of blockchain -- the much-hyped technology some banks are researching to cut costs -- including a warning that it may raise the risk of money laundering.

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