The Swedish Police Authority and the Financial Intelligence Unit (FIU) have declared war on crypto exchanges, referring to them as 'professional money launderers' (PML).
The FIU categorized PMLs into four profiles: Node Exchange Providers, Hawala Exchange Providers, Asset Exchange Providers, and Platform Exchange Providers.
Swedish authorities are increasing law enforcement activities on crypto trading platforms to combat unauthorized and illicit activities.
In addition to the crackdown on crypto exchanges, Swedish officials are also focusing on Bitcoin mining and tax evasion issues.