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US Defense Bill Removes Crypto AML Rules, Sparks Controversy

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Source: Cointelegraph
US Defense Bill Removes Crypto AML Rules, Sparks Controversy
Photo: Cointelegraph
TL;DR

The US government has removed two provisions from the National Defense Authorization Act (NDAA) that aimed to address anti-money laundering (AML) concerns related to cryptocurrency. The provisions included the establishment of a review system for crypto activities and combating anonymous crypto transactions. The removal of these provisions comes amidst ongoing discussions and deliberations on money laundering and terrorist financing facilitated through cryptocurrencies.

Topics:businesscryptocurrency#anti-money-laundering#crypto-mixers#cryptocurrency#cryptocurrency-regulations#national-defense-authorization-act#us-government
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  1. US gov't removes two crypto AML rules from national defense bill  Cointelegraph
  2. Crypto advocates blast US defense bill for nixing proposals  crypto.news
  3. 2024 U.S. defense bill drops crypto rules from legislation  CryptoSlate
  4. Crypto Provisions Dropped From 2023 U.S. Defense Bill  CoinDesk
  5. End-of-year US defense authorization bill leaves out crypto provisions  The Block - Crypto News

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