The Bank for International Settlements proposed to set compliance scores for cryptocurrencies to prevent the inflow of illegal funds

ChainCatcher news, according to DL News, researchers from the Bank for International Settlements (BIS) have proposed a new anti-money laundering (AML) solution aimed at preventing illegal funds from flowing in by setting compliance scores for cryptocurrencies.

The proposal advocates that "blockchain users should be assigned security scores, and withdrawals for low-scoring users will be blocked." By scoring holders based on the transfer history of cryptocurrencies, countries can set a threshold score to determine whether users can exchange cryptocurrencies for fiat currency.