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Published 17 days ago

US Lawmakers press Biden administration on use of crypto to evade sanctions

Summary by Blue Water Healthy Living
By Hannah Lang (Reuters) – Two lawmakers are pressing the Biden administration on the use of cryptocurrency to evade sanctions in Russia, Iran and North Korea, asking officials what additional authorities might be needed to prevent digital assets, such as stablecoin Tether from being used by sanctioned entities in Russia and elsewhere. WHY IT’S IMPORTANT The letter sent on Sunday by U.S. Senators, Democrat Elizabeth Warren and Republican …

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US Lawmakers press Biden administration on use of crypto to evade sanctions

By Hannah Lang (Reuters) – Two lawmakers are pressing the Biden administration on the use of cryptocurrency to evade sanctions in Russia, Iran and North Korea, asking officials what additional authorities might be needed to prevent digital assets, such as stablecoin Tether from being used by sanctioned entities in Russia and elsewhere. WHY IT’S IMPORTANT The letter sent on Sunday by U.S. Senators, Democrat Elizabeth Warren and Republican …

17 days ago·Port Huron, United States
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