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U.S. Deputy Treasury Secretary Wally Adeyemo Warns Crypto Industry To Take Action Against Illicit Finance

U.S. Deputy Treasury Secretary Wally Adeyemo Warns Crypto Industry To Take Action Against Illicit Finance

U.S. Deputy Treasury Secretary Wally Adeyemo is issuing a warning to the crypto industry, saying it must crack down on illicit finance. Speaking at the 2023 Blockchain Association Policy Summit, Adeyemo says that the digital assets industry should self-regulate against illegal financial activities or regulators will have to clamp down even harder on the nascent […]

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UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises […]

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report