U.S. Treasury is asking for public input to improve its crypto regulations

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Included in the “request for comment” document are more than 20 questions asking the general public if the Treasury Department has “comprehensively defined the illicit financing risks” involved with crypto. It also lays the groundwork for various government offices to create a “coordinated action plan” to address the possible national security risks posed by digital assets.

Some of the specific areas where the Treasury is looking for input include the potential steps it can take to better address ransomware attacks, illicit finance risks of cryptocurrency mixers and DeFi, illicit risks posed by nonfungible tokens, and how the government can better coordinate AML/CFT standards on a global scale.

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Source: CryptoAmb - 🏆 22. / 68 Read more »