With the cryptocurrency industry evolving and seeping into the mainstream, it has increasingly become one of the innovative ways for terrorist groups to move resources and, as such, the target of growing regulatory scrutiny and calls for more strict control over the sector.
In this context, Adewale O. Adeyemo, the Deputy Secretary of the United States Treasury Department, has urged the US Congress to provide the government with “necessary tools” to counter illicit finance, terrorism, and sanctions evasion tied to crypto assets, according to the testimony on April 9.
Crypto-linked terrorist financing
Specifically, the US Treasury Deputy Secretary has told the Senate Banking, Housing, and Urban Affairs Committee that terrorist groups around the world, including al-Qaeda, have been trying to make use of crypto assets in the past several years, drawing attention to some of the prominent examples.
“Five years ago, al-Qaeda and affiliated terrorist groups, largely based ou
We współpracy z: https://finbold.com/us-treasury-urges-congressional-action-against-crypto-linked-illicit-finance/
