Open-source refers to a program or software that is publicly available. This collaborative approach allows anyone outside the project to access, view, modify, and contribute new ideas to the code. As a result, open-source code is free and available for anyone. In exchange, a much larger audience is able to review and improve the code.« Back to Glossary Index
Cryptocurrencies are assets for interchange purposes, similar to the traditional money but 100% digital based, with no physical support. They use advanced cryptography to ensure the transactions and to control the issuance of additional units of money. In order to verify the transfer of the assets, they use Distributed Ledger Technologies (DLT) like blockchain.
The money laundering consists in hiding benefits from illegal activities so they seem to come from legal sources. It is normally related to other severe crimes such us drug traffic or extorsion. The AML regulation of each country is the legal frame to control this kind of activities.