Do you use a VPN? It’s a privacy-enhancing tool that everyone should be using, especially those with digital assets. Or do you happen to be older than the typical crypto trader? Both of these characteristics are part of a list of so-called ‘red flags’ that can get you in trouble with a new dragnet that is being established in Israel.

Also Read: Why a VPN Is the First Layer You Should Pull On When Browsing the Web

Too Many Red Flags

On December 31, 2019 the Israel Money Laundering and Terror Financing Prohibition Authority published a draft guide titled ‘Red Flags in the Virtual Assets Field’ for the public to review. The document contains a list of ‘red flags’ that is intended to help the private sector formulate a policy on anti-money laundering risks related to digital assets such as cryptocurrencies. It was compiled by the authority in collaboration with various financial regulators and members of the industry.

The authority noted that digital assets can promote economic innovation, but are “a challenge” to enforcement agencies…

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Source: https://thebitcoinnews.com/using-a-vpn-may-get-israeli-crypto-traders-in-trouble/