US Treasury warns about cryptocurrencies in its latest report
India TV NewsThe US Treasury Department has issued a warning about the risks posed by decentralized cryptocurrency markets, known as DeFi, to national security. The report recommends that the federal government needs to bolster its existing supervision and enforcement of the market by requiring platforms to adhere to the same anti-money-laundering rules that banks and other financial institutions must follow. The Treasury Department plans to bring the market under greater federal oversight, including requiring platforms to adhere to anti-money-laundering rules similar to those that banks and other financial institutions must follow. In a recent U.N. security council annual report, it has been revealed that North Korea stole crypto assets worth more than one billion dollars. Major cryptocurrencies prices on 9 am IST, 7th April 2023 : Bitcoin: $28,001.43 USD -0.27% Ethereum: $1,876.77 USD -1.11% Tether: $1.00 USD +0.01% USD Coin: $0.9997 USD +0.00% BNB: $311.64 USD -0.84% XRP: $0.5023 USD -0.17% Dogecoin: $0.08505 USD -7.96% Cardano: $0.3811 USD -2.23% Polygon: $1.11 USD -1.41% Polkadot: $6.24 USD +2.51% Tron: $0.06611 USD +0.16% Litecoin: $90.83 USD -1.72%
History of this topic
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Top US regulators say crypto poses financial stability risks
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Crypto, digital assets come in Biden administration’s crosshairs
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