Is there a need to worry? United States Senator Elizabeth Warren is preparing a bill to crack down on the use of crypto to avoid economic sanctions.
United States Senator Elizabeth Warren is preparing a bill to crack down on the use of crypto as a way to avoid economic sanctions.
Warren’s latest anti-crypto move comes alongside a push from the U.S. government to stamp out the possibility of Russia using crypto to skirt aAccording to a Tuesday report from NBC News, one of the provisions of Warren’s new crypto bill — still in its draft form — will require local crypto exchanges to submit “detailed records” to the Treasury Department of customers‘ identities and transfers to private crypto wallets.
It also aims to “force companies to choose between doing business in the U.S. or with sanctioned people and entities by threatening secondary sanctions on foreign crypto exchanges.” The Treasury Department’s Financial Crimes Enforcement Network is also working toward drafting similar requirements based on Warren’s bill, according to NBC.
Ukraine‘s deputy minister of digital transformation Alex Bornyakov has been calling for crypto exchanges to ban Russian users for the past week or so. However, top crypto exchanges such as
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US Senator Warren Drafting Bill to Ensure Crypto Can’t Be Used to Evade SanctionsOne of the provisions would make it easier to verify customer identities and transfers to private wallets by enforcing detailed record keeping and reporting, according to NBC News.
Les mer »
Senator Elizabeth Warren drafts bill to target use of crypto by sanctioned Russians | EngadgetSenator Elizabeth Warren drafts bill to target use of crypto by sanctioned Russians
Les mer »
Oil tycoon Kelcy Warren sues Beto O’Rourke alleging defamation over power grid criticismKelcy Warren, the Dallas pipeline tycoon and top donor to Gov. Greg Abbott, is suing O’Rourke over his criticism of the windfall profits that Warren’s company made after the 2021 winter storm.
Les mer »
Oil tycoon Kelcy Warren sues Beto O’Rourke alleging defamation over power grid criticismNew: Democratic gubernatorial candidate Beto O’Rourke said on Monday that oil tycoon Kelcy Warren is suing O’Rourke over his criticism of the windfall profits that Warren’s company made after the 2021 winter storm.
Les mer »
Gov. Abbott mega-donor Kelcy Warren sues Democrat Beto O’Rourke for defamationFor months, O’Rourke has been blasting Abbott for accepting $1 million in campaign...
Les mer »
Beto O’Rourke says Dallas billionaire Kelcy Warren is suing him for defamationEnergy Transfer Partners billionaire CEO Kelcy Warren files lawsuit against Beto O’Rourke in Texas energy tiff
Les mer »