The survey is based on 566 responses from across the global financial and crypto industries
According to the research conducted by RUSI and ACAMS in partnership with YouGov, 63% of banks and 56% of governments saw cryptocurrency as a risk.
The respondents were asked to select any areas of concern, respondents overall indicated they are worried about the use of cryptocurrency.
For 84% that’s money-laundering and the dark web. Meanwhile, 84% are worried about the procurement of illicit goods by sanctioned actors (82%) or by terrorist organizations (79%).
76% of the respondents are concerned that crypto is involved to fund human trafficking and in fraudulent initial coin offering.
We’ve reported that Gemini has announced its expansion into the UK, providing individuals and institutions with crypto exchange and custody services in GBP.