analyzing criminal use of decentralized finance , according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg.
“Illicit actors are constantly looking for effective ways to hide criminal activity and the laundering of their proceeds,” Rosenberg said at a Monday banking event in Sydney, Australia. “This is a threat to DeFi services or other elements of the virtual asset ecosystem.”Because of “astounding” growth in virtual assets, the industry often “treats regulations and financial crimes compliance as an afterthought,” Rosenberg said.
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USTreasury jesseahamilton Oh yeah, crypto is super bad. It’s the only thing that the “bad guys” use 🙄