“The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption,” the notice said. “These illicit activities highlight the need for ongoing scrutiny of the use of digital assets, the extent to which technological innovation may impact such activities, and exploration of opportunities to mitigate these risks through regulation, supervision, public private engagement, oversight, and law enforcement.”
Source: https://www.coindesk.com/policy/2022/09/19/us-treasury-wants-public-to-comment-on-cryptos-role-in-illicit-finance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance
“The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption,” the notice said. “These illicit activities highlight the need for ongoing scrutiny of the use of digital assets, the extent to which technological innovation may impact such activities, and exploration of opportunities to mitigate these risks through regulation, supervision, public private engagement, oversight, and law enforcement.”
Source: https://www.coindesk.com/policy/2022/09/19/us-treasury-wants-public-to-comment-on-cryptos-role-in-illicit-finance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines