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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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Crypto Exchange BKEX Halts Withdrawals Amid Money Laundering Investigation

In a surprise announcement on May 29, 2023, BKEX, one of the major cryptocurrency exchanges, has temporarily suspended user withdrawals due to alleged involvement in money laundering activities.

by Rebeca Moen
May 30, 2023

CRYPTOCURRENCY

Crypto Exchange BKEX Halts Withdrawals Amid Money Laundering Investigation

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