US Treasury Says Decentralized Crypto Markets Threaten National Security
The US Treasury Department has released a press release on the 2023 DeFi illicit finance risk assessment. The report was released after a proper Analysis of the decentralized finance sector. Additionally, the report speaks about how the Democratic People’s Republic of Korea (DPRK), cybercriminals, thieves, scammers, and ransomware attackers use DeFi services to launder and move their illicit proceeds. Also read: India’s CBDC Rollout Strategy: Target One Million Users, Prioritize Offline Transactions The Treasury has stated that decentralized crypto currency markets are threatening national security. Perhaps the US Treasury also mentioned that it needs greater oversight against money laundering activities. JUST IN: US Treasury says decentralized # crypto markets threaten national security. — Watcher.Guru (@WatcherGuru) April 6, 2023 US Treasury highlights how DeFi is used by illicit actors Secretary of the Treasury for Terrorism and Financial Intelligence,...