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A decade out from the first bitcoins having entered circulation, cryptocurrency stands on the cusp of mainstream finance after Facebook announced the launch of Libra, a blockchain-based digital token through which the platform's 2.4 billion users will be able to make payments and transfer value. But innovation cannot be a driver of financial crime or vehicle to avoid due diligence and client identification processes. Such was the takeaway from a June 20 conference in Paris, where the heads of France's central bank, prudential regulator and financial intelligence unit spoke in unison about the necessity of keeping regulation in pace with...