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The bank for international settlements proposes to set compliance ratings for Crypto Assets to prevent illegal fund inflows.
According to Mars Finance, DL News reported that researchers from the bank for international settlements (BIS) proposed a new anti-money laundering (AML) solution aimed at preventing illegal funds from flowing in by setting compliance scores for crypto assets. The proposal advocates that "blockchain users should be assigned security scores, and withdrawals from low-scoring users will be blocked." Countries can score holders based on the transaction history of the crypto assets and set a threshold score to determine whether users can exchange crypto assets for fiat currency.