News Explorer — The US Treasury Is Concerned About National Security Risks Associated With Cryptocurrencies, Including Money Laundering Networks and Transactions Involving State-level Actors Like Russia

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The US Treasury Is Concerned About National Security Risks Associated With Cryptocurrencies, Including Money Laundering Networks and Transactions Involving State-level Actors Like Russia

The US Treasury is addressing the national security risks posed by cryptocurrencies, particularly in relation to bad actors using them to evade sanctions. The Treasury emphasizes the need for additional tools to protect the American people and highlights specific instances of money laundering networks and transactions involving state-level actors. Tether is the only crypto firm mentioned by name in the prepared statement, with Russia allegedly relying on it to finance its war machine.