Tuesday, April 25, 2023

Crypto must end anonymity for illicit finance, US regulator says

Anonymity is allowing crypto assets to finance illegal activities, a top US regulatory official said on Tuesday, posing national security risks that must be addressed. Christy Goldsmith Romero, a commissioner at the US Commodity Futures Trading Commission, said cryptocurrencies were being used to finance cybercrime with victims including individuals, companies, hospitals and critical infrastructure.

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