Posted 10/27/2023, 10:46:22 AM
US Calls on Digital Asset Firms to Boost Efforts Against Illicit Financing
- The US says some digital asset firms are not doing enough to stop illicit financing
- This comes after cryptocurrency's role in terrorist financing has come under renewed scrutiny
- The US Deputy Treasury Secretary said the "vast majority" of financial institutions want to help stop terrorist financing
- But he said some in the digital asset space want to innovate without regard for consequences
- The US expects digital asset companies to take steps to prevent illicit financial flows or face action