Q.3 Explain how crypto-currencies can emerge as a new vehicle for money laundering or terrorist financing. (10 Marks)

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2 responses to “Q.3 Explain how crypto-currencies can emerge as a new vehicle for money laundering or terrorist financing. (10 Marks)”

1. 

   November 19, 2021

   Siddharth CHATURVEDI

   Razor ID: #0000466569

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   1. 

      December 4, 2021

      Staff @CD

      Siddharth

      Nice attempt. Content is good. Intro is fine. You can mention 1-2 benefits of cryptocurrencies after that and then come to risks. In risks you can also mention about it being anonymous in nature, lack of intermediaries in transactions making the transactions faster and without checks and balances.
      Rest of the points are fine.
      Way forward is fine, you can link it with current affairs by mentioning the proposed legislation to prohibit private virtual currencies in India.
      Conclusion is fine.
      Keep writing. 🙂

      4.5/10