• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Thursday, September 28, 2023
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Regulation

US Treasury Nominee Makes AML Top Crypto Priority: Report

June 24, 2021
in Regulation
Reading Time: 3 mins read
0
us treasury nominee, nelson, crypto, aml,
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


The US Treasury Nominee claims he will make anti-money laundering his top crypto priority and will implement legislation targeting it as we are going to find out more about it in our latest cryptocurrency news today.

Brian Nelson, the new US Treasury Nominee aims to fight against terrorism and financial intelligence by targeting crypto money laundering as a matter of priority and stated that:

 “If I am confirmed, I will prioritize implementing that piece of legislation, including new regulations around cryptocurrency.”

Nelson served as the deputy chief of staff of the Justice Department’s national security division and his comments are in line with the wider US Government rhetoric regarding crypto. Back in June, Charles Rettig who is the commissioner of the Internal Revenue Service said that the US needed explicit congressional authority to launch new regulations on crypto. Rettig said:

“The most recent market cap in that world—the crypto world—exceeded $2 trillion and more than 8,600 exchanges worldwide. And by design, most crypto, virtual currencies are designed to stay off the radar screen, so—we will be challenged.”

He added that the agency will need more tools to better monitor the fast-growing industry while in the same month, the Department of Justice announced that it will give ransomware attacks the same priority as terrorism which is a move that came amidst the Colonial Pipeline attack where the company paid a multi-million-dollar ransom in BTC. Elsewhere in the world, the ties between terrorism financing and crypto reemerged when a senior Hamas official talked to the Wall Street Journal that the group saw an increase in BTC donations during the recent conflict with Israel. The Hamas official said:

“There was definitely a spike [in Bitcoin donations]. Some of the money gets used for military purposes to defend the basic rights of the Palestinians.”

As recently reported, The strong demand could possibly increase Bitcoin’s price according to the US Treasury Secretary Lawrence Summers who previously said that Bitcoin is “here to stay.” Lawrence summers say that the finite supply of BTC is going to be a factor that will impose a strong demand which eventually could raise the prices of the number one cryptocurrency. The former US Treasury Secretary noted that institutions and people that find it as a hedge from inflation are turning to crypto now more than ever. At the same time, BTC is more than just a currency as experts noted.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]



Source link

Related articles

Nomura Bank's Laser Digital receives approval for operations in Abu Dhabi

Nomura Bank’s Laser Digital receives approval for operations in Abu Dhabi

September 27, 2023
SEC delays Ark Invest spot Bitcoin ETF application

SEC delays decision on ARK Invest and Global X Bitcoin ETFs

September 27, 2023
Share2Tweet1ShareSend

Related Posts

Nomura Bank's Laser Digital receives approval for operations in Abu Dhabi

Nomura Bank’s Laser Digital receives approval for operations in Abu Dhabi

September 27, 2023
0

Key takeaways Laser Digital can now operate in Abu Dhabi Laser Digital, the digital assets arm of Japan’s Nomura...

SEC delays Ark Invest spot Bitcoin ETF application

SEC delays decision on ARK Invest and Global X Bitcoin ETFs

September 27, 2023
0

The SEC has delayed its decision on the ARK 21Shares Bitcoin ETF decision to early 2024. Also delayed is...

Taiwan regulator announces new guidelines for crypto exchanges

Taiwan regulator announces new guidelines for crypto exchanges

September 26, 2023
0

Taiwan’s regulator, the Financial Supervisory Commission (FSC) has announced new guidelines for virtual asset service providers (VASPs). The agency...

Coinbase secures registration with the Bank of Spain

Coinbase secures registration with the Bank of Spain

September 23, 2023
0

Coinbase’s registration with the Bank of Spain marks a significant stride in its mission to provide secure and compliant...

Binance could delist multiple stablecoins as MiCA takes effect next year

Binance could delist multiple stablecoins as MiCA takes effect next year

September 21, 2023
0

Key takeaways Binance to delist  multiple stablecoins A Binance executive has warned that the cryptocurrency exchange could delist multiple...

Load More
  • Trending
  • Comments
  • Latest
Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

December 17, 2022
Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

September 23, 2022
Crypto inflows

Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market

June 14, 2022
Twitter Begins Massive Layoffs — Elon Musk Says 'No Choice' Citing $4M Loss per Day

Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day – Featured Bitcoin News

November 6, 2022
Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k

Insider Reveals That SEC Could Allow Ether Futures ETFs To Start Trading Next Week

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k

Insider Reveals That SEC Could Allow Ether Futures ETFs To Start Trading Next Week

September 28, 2023
Tottenham Hotspur to issue a Web3 fan token using Chiliz Blockchain

Tottenham Hotspur to issue a Web3 fan token using Chiliz Blockchain

September 28, 2023
EOS makes history as first “climate-positive” blockchain network

EOS makes history as first “climate-positive” blockchain network

September 28, 2023
Coinbase expands futures trading services globally

Coinbase expands futures trading services globally

September 28, 2023

Recommended

Livepeer Streaming, platform, funding, round

Livepeer Streaming Platform Raised $20M In Funding

January 6, 2022
Pepe Will Shed 90% Value this Month, While Metropoly Will Climb the Charts to Book 5X Gains | NewsBTC

Pepe Will Shed 90% Value this Month, While Metropoly Will Climb the Charts to Book 5X Gains | NewsBTC

May 20, 2023
Best Trading Sessions in Nigeria Time According to Analysts | NewsBTC

Best Trading Sessions in Nigeria Time According to Analysts | NewsBTC

September 26, 2023
Market Watch Analysis Shows Bitcoin Dipping Below $47,000

BTC Briefly Soars On FED Announcement But Then Falls Back Down

January 27, 2022

Recent News

Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k

Insider Reveals That SEC Could Allow Ether Futures ETFs To Start Trading Next Week

September 28, 2023
Tottenham Hotspur to issue a Web3 fan token using Chiliz Blockchain

Tottenham Hotspur to issue a Web3 fan token using Chiliz Blockchain

September 28, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.