Crypto Misuse By Hamas? US Treasury Letter Urges Increased Vigilance – Details

Quick Summary:

The US Treasury Department is intensifying its efforts to regulate crypto transactions linked to terrorist organizations, notably Hamas, as it seeks to address national security risks associated with virtual assets.

The letter, released in response to a Freedom of Information Act (FOIA) request, provides insight into the Treasury’s ongoing concerns about the potential for crypto to be used in illicit financing.

In a two-page letter, Deputy Treasury Secretary Wally Adeyemo urged Congress to approve new authorities to bolster oversight of digital currencies.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: Crypto regulation Cryptocurrencies Digital currency Crypto news Hamas DeFi Cryptocurrency Breaking News Ticker Crypto terrorism Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 19:28:47 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22394234

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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