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Sweden views crypto exchanges as sophisticated money launderers

  • 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.

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