Vlad Andrushenko
1 min readNov 6, 2018

Cryptocurrency — money laundering instrument or easy way for doing business.

Nowadays company that provide activity in different areas of world can conflict with banks because of kyc and aml policy.

When eu company that provide activity with any offshore company and want to do some payment or transfer, international banks can deny such transfer.

In this case cryptocurrency can help. You can close your contract with additional agreement.

Such agreement shall include clause about payment in some cryptocurrency such as bitcoin or ethereum. So your contract will be done.

Of course in this case you will become in relationship with aml/kyc laws.

Also there are some risks with dispute resolution of such contracts because there is a lack of law regulations of such law relationships.

But on fact if your business is build with trusted partners, on practice that will be great instrument of doing business for you.

Vlad Andrushenko

CEO ALTER AND LEGAL ADVSOR AT IP, TAXES, INTERNATIONAL INCORPORATION, CONTRACT LAW, IT RELOCATION, GDPR, IT LAW.