Blockchain technology is behind the virtual currency Bitcoin, but could have uses in helping banks combat money laundering and fraud, according to a senior Hong Kong regulatory official. Photo: Reuters Blockchain technology is behind the virtual currency Bitcoin, but could have uses in helping banks combat money laundering and fraud, according to a senior Hong Kong regulatory official. Photo: Reuters
Blockchain technology is behind the virtual currency Bitcoin, but could have uses in helping banks combat money laundering and fraud, according to a senior Hong Kong regulatory official. Photo: Reuters

Blockchain technology can help banks beat money-laundering, Hong Kong regulator says

Some central banks are taking an interest in blockchain as a way to cut the risk of fraud and weed out suspicious transactions

Topic |   Bitcoin
Blockchain technology is behind the virtual currency Bitcoin, but could have uses in helping banks combat money laundering and fraud, according to a senior Hong Kong regulatory official. Photo: Reuters Blockchain technology is behind the virtual currency Bitcoin, but could have uses in helping banks combat money laundering and fraud, according to a senior Hong Kong regulatory official. Photo: Reuters
Blockchain technology is behind the virtual currency Bitcoin, but could have uses in helping banks combat money laundering and fraud, according to a senior Hong Kong regulatory official. Photo: Reuters
READ FULL ARTICLE