Carolina
Tue Jul 16 2024
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5 answers
823
Is a US TSAR stepping up cryptocurrency enforcement?
With the recent surge in popularity and adoption of cryptocurrencies, there's been a growing concern about their regulation and oversight. Given the US Treasury's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network's (FinCEN) track record in tackling financial crime, is the US Treasury's Special Measures Against Russia (TSAR) stepping up its enforcement efforts against cryptocurrencies? Are we seeing an increase in sanctions targeting cryptocurrency exchanges or wallets linked to Russia? Is there a push for tighter regulations on stablecoins and decentralized finance (DeFi) platforms? And are these measures aimed at preventing capital flight or targeting illicit financial activities?
