US Treasury warns crypto industry on preventing sanctions violations

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

WASHINGTON : In its broad effort to reduce the use of crypto currencies in the payment of ransomware demands, the U.S. Treasury said on Friday that the crypto community is responsible for making sure they do not directly or indirectly help facilitate deals that are prohibited by U.S. sanctions.'The virtua

WASHINGTON : In its broad effort to reduce the use of crypto currencies in the payment of ransomware demands, the U.S. Treasury said on Friday that the crypto community is responsible for making sure they do not directly or indirectly help facilitate deals that are prohibited by U.S. sanctions.

"The virtual currency industry, including technology companies, exchangers, administrators, miners, wallet providers, and users, plays an increasingly critical role in preventing sanctioned persons from exploiting virtual currencies to evade sanctions and undermine U.S. foreign policy and national security interests," Treasury said in new guidance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No warning required… it has been invented for that purpose 🤣

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coding platform GitLab valued at US$13.48 billion in strong market debut(Corrects Reuters Instrument Code in paragraph 1) GitLab Inc shares opened about 22per cent above their offer price in their Nasdaq debut on Thursday, giving the software development platform a market capitalization of US$13.48 billion.The company's stock opened at US$94.25, compared with
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »