The Financial Intelligence Authority (FIA) has expressed frustration over failure by cryptocurrency operators to register with the government agency. Cryptocurrency trading, also known as mining, is a growing global wave which is increasingly tilting the traditional global financial system. But Sydney Asubo, the FIA executive director, says they have been asking cryptocurrency operators to register but very few have responded. “Virtual assets service providers are now in category 16 of the most vulnerable to terrorism financing and money laundering. In 2020, we gave them one month to register but only a few responded,” he says. Asubo said there is a…
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