Welcome to Crypto Jargon — a series of 30 videos I launched recently on my YouTube channel and I am now adding them here to my blog.
In these series, I’m breaking down the complex terminology related to cryptocurrencies and blockchain tech, as well as trading slang — all of which you will inevitably come across in your research in the crypto universe, be it on Twitter, mainstream media articles, blogs, forums and all other social media as well.
There’s a lot of great content in these series and each episode is packed with value and I’m sure you will learn a lot, so let’s get started.
Below is my first episode with the following terms: AML KYC 2FA FAQ and QRcode.
Let’s first start with AML.
This is the acronym for Anti-Money Laundering, which is a process that all financial institutions are required to follow in order to prevent, detect and report suspected money laundering activities. Money Laundering is a broad term related to acquiring capital illegally or moving illicit funds. Some examples are tax evasion, public corruption, and market manipulation through methods such as inside trading or wash trading. Wash Trading is explained in another episode, so make sure you check out the rest of the Crypto Jargon series on this channel.
