Digital currency, Supervision measures, Anti-money laundering
Abstract
With the development of financial technology (Fintech), digital currency, as an emerging financial instrument, has become the focus of global attention. While transparency and traceability contribute to anti-money laundering (AML), decentralized trading platforms lack know-your-customer (KYC)and AML measures and can be used for money laundering. This thesis explores the potential applications of digital currencies in anti-money laundering, such as transaction tracking and decentralized identity authentication, starting from the regulatory measures of digital currencies in various countries around the world. At the same time, this thesis analyzes the challenges faced by digital currencies in anti-money laundering, such as anonymity, irrevocability and information asymmetry caused by transnational issues, and puts forward countermeasures and suggestions, including strengthening technology application and innovation, strengthening supervision and cross-border cooperation, and strengthening education and training.
