The US Department of Justice will take “strong action” against illegal activities on cryptocurrency trading platforms. This is reported Financial Times.
Eun Yong Choi, director of the National Digital Asset Enforcement Group (NCET), said the agency’s goal is exchanges that allow attackers to “easily profit from their crimes and cash out.”
Choi added that NCET’s focus is on companies that circumvent the rules. KYC/AML or do not participate in rigorous compliance and risk mitigation. According to her, the number of cryptocrimes has increased “significantly” over the past four years.
“We hope that by focusing on these types of platforms, the department will have a multifaceted effect,” she added.
The Ministry will also take additional measures to combat investment fraud. The FBI estimates that the amount of money lost as a result of criminal schemes has increased from about $900 million in 2021 to $2.5 billion in 2022.
In May, the US Department of Justice launched an investigation into parent company Binance Holdings Ltd. on the fact of possible violations of sanctions against the Russian Federation. Previously, the company has repeatedly stated full compliance with all US and other international restrictions.
Recall that in April, Web3 lawyer Jess Hines said that the US Securities and Exchange Commission will tighten the regulation of digital assets even more. In his opinion, such measures are necessary to protect investors.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The US Department of Justice will take “strong action” against illegal activities on cryptocurrency trading platforms. This is reported Financial Times.
Eun Yong Choi, director of the National Digital Asset Enforcement Group (NCET), said the agency’s goal is exchanges that allow attackers to “easily profit from their crimes and cash out.”
Choi added that NCET’s focus is on companies that circumvent the rules. KYC/AML or do not participate in rigorous compliance and risk mitigation. According to her, the number of cryptocrimes has increased “significantly” over the past four years.
“We hope that by focusing on these types of platforms, the department will have a multifaceted effect,” she added.
The Ministry will also take additional measures to combat investment fraud. The FBI estimates that the amount of money lost as a result of criminal schemes has increased from about $900 million in 2021 to $2.5 billion in 2022.
In May, the US Department of Justice launched an investigation into parent company Binance Holdings Ltd. on the fact of possible violations of sanctions against the Russian Federation. Previously, the company has repeatedly stated full compliance with all US and other international restrictions.
Recall that in April, Web3 lawyer Jess Hines said that the US Securities and Exchange Commission will tighten the regulation of digital assets even more. In his opinion, such measures are necessary to protect investors.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
