US Treasury Raises Concerns Over DeFi's Role in Illicit Activities
TL;DR Summary
The U.S. Treasury Department has warned that decentralized cryptocurrency markets pose a threat to national security, as they can be used for illicit activities such as money laundering and terrorism financing. The department called for increased regulation of the industry to prevent these risks.
- Decentralized Cryptocurrency Markets Threaten U.S. Security, Treasury Says The Wall Street Journal
- U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money CoinDesk
- DeFi Needs to Comply With Anti-Money Laundering Rules, US Treasury Says Bloomberg
- U.S. Says Decentralized Finance Services Being Used for Illicit Transfers U.S. News & World Report
- North Korea and criminals are using DeFi services for money laundering — US Treasury Cointelegraph
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