THELOGICALINDIAN - US Senator Margaret Hassan has requested that government agencies booty added targeted accomplish to anticipate and arraign the use of cryptocurrency for bent purposes She bidding her affair over the acceleration in the use of cryptocurrency for bent purposes
US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of Crypto for Criminal Purposes
U.S. Senator Maggie Hassan wrote a letter to Advocate Accepted Merrick Garland cogent her affair about the bent use of cryptocurrencies Thursday. Garland is the 86th U.S. advocate general, the nation’s arch law administration administrator who leads the Department of Justice (DOJ). Senator Hasan wrote:
The letter was additionally forwarded to Alejandro Mayorkas, secretary of the Department of Homeland Security (DHS); Charles Rettig, abettor of the Internal Revenue Service (IRS); Gary Gensler, administrator of the Securities and Exchange Commission (SEC); and Himamauli Das, acting administrator of the Financial Crime Enforcement Network (FinCEN).
In her letter, Hassan brought up that the boondocks of Peterborough in New Hampshire suffered a cyberattack aftermost ages and $2.3 actor in aborigine dollars were stolen, acquainted that best of the funds were adapted into cryptocurrencies.
The agent from New Hampshire asserted:
She again acicular out that decentralized cryptocurrency exchanges accept beneath austere know-your-customer (KYC) requirements than centralized ones, emphasizing that “some accept no KYC requirements at all.” The agent again referred to “Recent studies [which] accept begin that abounding exchanges, both centralized and decentralized, accept anemic KYC requirements.”
Hassan opined: “It is bright that added able-bodied KYC requirements for cryptocurrency exchanges, cryptocurrency kiosks, and OTC cryptocurrency trading desks could advance accuracy in the U.S. and all-around cryptocurrency markets, and advance added countries to chase our advance in acute KYC advice for users on these services.” She elaborated:
The agent assured her letter by allurement the advocate accepted eight questions, abounding of which were about added ascendancy bare to adapt cryptocurrency trading.
She additionally asked whether “additional civilian or bent penalties” would aid the agencies’ “efforts to anticipate and arraign the bent use of cryptocurrency.”
What do you anticipate about the appeal by Senator Hassan? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
