U.S. Treasury Advocates for Stronger Crypto Enforcement to Combat Illicit Finance

U.S. Treasury Advocates for Stronger Crypto Enforcement to Combat Illicit Finance

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Source: TheMerkle.com

The U.S. Treasury is intensifying its efforts to counter illicit financial activities associated with cryptocurrencies, as emphasized by Deputy Secretary Adewale O. Adeyemo. In a recent testimony for the Senate Banking, Housing and Urban Affairs Committee, Adeyemo highlighted the pressing need for an enforcement regime capable of mitigating the risks posed by the anonymous nature of digital currencies.

Adeyemo pointed out that various terrorist organizations are increasingly utilizing cryptocurrencies

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The post "U.S. Treasury Advocates for Stronger Crypto Enforcement to Combat Illicit Finance" appeared first here TheMerkle.com.

Source: TheMerkle.com

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