US Treasury Official Warns Non-US Stablecoin Issuers About Risks of Bad Actors
During a speech at a Blockchain Association event in Washington, Deputy Secretary of the Treasury Wally Adeyemo warned about the dangers of non-U.S. stablecoin issuers that use dollar backing and their potential use by bad actors. He specifically called out dollar-backed stablecoin providers outside the United States for not putting in place procedures to prevent terrorists from abusing their platform. Adeyemo also expressed concern about the lack of action by some firms in preventing illicit activity, which he believes poses a risk to national security. Additionally, the Treasury sanctioned another crypto mixing service, Sinbad, for supporting transactions tied to North Korean hacking.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Orbiter Finance collaborates with the Ethereum Foundation and the University of California, Santa Barbara to enhance the security model of bridging p
Since its establishment in 2021, Orbiter has been deeply exploring security, aiming to become a reliable infrastructure in the cross-chain field.
OXTUSDT now launched for futures trading and trading bots
Bitget has launched OXTUSDT for futures trading with a maximum leverage of 25, along with support for futures trading bots, on November 25, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. OXTUSDT-M perpetual futures: Parameters Details Listing t
Bitget Spot Bot adds CHEEMS/USDT
We are pleased to announce that Bitget spot bot has now added: CHEEMS/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own
UNHCR And Cardano Foundation Drop An NFT Series To Aid Refugees & Young Artists
Trending news
MoreCrypto prices
More
