The U.S. Treasury aims to strengthen anti-money laundering regulations for cryptocurrencies and other illicit finance

2024-05-17 00:08:00

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ChainCatcher News, the U.S. Department of the Treasury has released the 2024 National Strategy for Combating Terrorist and Other Illicit Financing, outlining priorities for combating illicit financing. The Treasury emphasized its ongoing work surrounding cryptocurrencies, including sanctions against certain trading platforms and groups such as Bitzlato and Lazarus, as well as a settlement with Binance.

The four priorities of the U.S. Department of the Treasury are to close gaps in anti-money laundering regulations, support a more effective and risk-based framework, enhance the efficiency of law enforcement agencies, and leverage technological innovation. Updating the existing cryptocurrency regulatory framework will support these priorities.

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