Central Bank Targets Money Laundering Using Virtual Assets

What’s new: A senior official of China’s central bank suggested establishing a governance mechanism to combat money laundering using virtual assets in the digital era.

With natural isolation from the real world and the nature of interconnectivity, virtual assets can easily become a money laundering tool for criminals, Gou Wenjun, director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China (PBOC), said at a financial security summit.