US Lawmaker Urges Biden Administration to Form ‘Sturdy Strategy’ to Forestall Crypto Utilize to Evade Sanctions

A U.S. lawmaker has urged the Biden administration to develop a “robust strategy” to prevent cryptocurrency from being used to evade sanctions. “Emerging technologies like cryptocurrency offer many positive applications like humanitarian relief, but the administration has not kept pace in ensuring this novel form of currency is not used to the detriment of U.S. […]

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US Treasury Legitimate: We Don’t Mediate about That Crypto Might maybe Be Feeble in Huge-Scale Manner to Evade Sanctions

The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View on Crypto Use to Evade Sanctions Nellie Liang, Treasury […]

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