US says some crypto firms not doing enough to stop illicit finance

LONDON, Oct 27 - The United States on Friday said some firms in the digital asset space were not doing enough to stop the flow of illicit finance - a subject which has come under renewed scrutiny following the deadly attacks in Israel by Palestinian militant group Hamas.

"Our expectation is that financial institutions and digital asset companies and others in the virtual currency ecosystem take steps to prevent terrorists from being able to access resources. If they do not act to prevent illicit financial flows, the United States and our partners will," Adeyemo added.

On Friday, the U.S. Treasury issued a second round of sanctions that targeted additional assets in a Hamas investment portfolio and people it said were facilitating sanctions evasion by Hamas-affiliated companies.

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