Ripple CLO Slams Crypto Money Laundering Concerns, XRP Community Reacts

Quick Summary:

Ripple CLO pointed out that traditional finance systems, including the NY Federal Reserve, have also experienced hundreds of millions of dollars of illicit transfers to terrorist groups.

Stuart Alderoty, chief legal officer (CLO) of Ripple Labs, on Tuesday expressed concerns over the US Federal Reserve and the U.S.

SEC scapegoat crypto for money laundering.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: IndiaCuba

Topics: 24/7 Cryptocurrency News John Deaton XRP Altcoin News Crypto Money laundering Stuart Alderoty Ripple

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 08:05:15 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 45 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22445328

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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