Dollar

2024

Coin

<ul class="wp-block-list news-points">
 <li><strong>Stuart Alderoty debunked the long-standing money laundering tag on crypto.</strong></li>
 <li><strong>WSJ reported on Ali Ghulam’s money laundering via US banks.</strong></li>
 <li><strong>Crypto supporters think the technology is a better tool to fight against money laundering.</strong></li>
</ul>
<p>Ripple’s chief legal officer, Stuart Alderoty, debunked the long-standing assumption linking cryptocurrencies to the persistent money laundering challenges faced worldwide. In a recent post on X, the top crypto personality highlighted a Wall Street Journal (WSJ) report on the activities of Ali Ghulam, Iraq’s long-standing “dollar king,” as evidence that the US dollar itself is at the heart of the problem.</p>
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   <p lang="en" dir="ltr">Some say money laundering is a crypto problem. Not true. Just ask the NY Federal Reserve, which let hundreds of millions of dollars slip through. <a href="https://t.co/jSBNKvLXOb" target="_blank" rel="noopener noreferrer nofollow">https://t.co/jSBNKvLXOb</a></p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1833249313369297255?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 9, 2024</a>
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<p>According to Alderoty, anyone seeking answers to questions regarding money laundering issues linked to the US dollar should ask the New York Federal Reserve, the nation’s apex bank that let millions of dollars slip through.</p>
<h2 class="wp-block-heading" id="h-traditional-banks-and-money-laundering"><strong>Traditional Banks and Money Laundering</strong></h2>
<p>Alderoty focused his analysis on the ongo…</p>
<p>The post <a href="https://coinedition.com/ripple-clo-crypto-isnt-the-problem-in-money-laundering-us-dollar-is/" rel="noopener noreferrer nofollow">Ripple CLO: Crypto Isn’t the Problem in Money Laundering, US Dollar Is</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple CLO: Crypto Isn’t the Problem in Money Laundering, US Dollar Is

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