Crypto must end anonymity for illicit finance, U.S. regulator says

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Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed.

Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission, said cryptocurrencies were being used to finance cybercrime with victimes including individuals, companies, hospitals and critical infrastructure.

"It's essential for governments and particularly the industry to address that which makes crypto so attractive to illicit finance, and that is the allure of anonymity," she said. "Congress is already considering new laws on addressing anonymity and digital identity," Romero said.

 

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