In the wake of the Russian invasion of Ukraine, the global crypto donation to Ukraine has been on an overwhelming growth. Also, talks about sanction compliance from the crypto industry are now more significant. The Treasury Department of the US faced questions by four US senators regarding the crypto industry.
In an official letter, the senators inquired about the department’s progress in monitoring and enforcing sanctions compliance by the crypto industry. What the senators’ focus on is, criminals or indecent states may use digital assets to hide cross-border transactions for illegal needs.
As such digital assets and payment systems may evade the US and other global sanctions, the senato …
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Source: Cryptocurrency - investing.com
