TikTok’s Virtual Currency Raises Concerns for Possible Money Laundering
Financial authorities in the UK have expressed worries over the potential misuse of TikTok’s virtual currency for illicit purposes. The concerns revolve around the fear that the platform’s virtual currency, TikTok Coins, could be exploited by nefarious groups for money laundering activities, circumventing established regulations meant to combat such illegal practices. Recent reports have highlighted […]
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