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Topic: US Congress Urged to Regulate Crypto Sector Under Bank Secrecy Act - page 2. (Read 341 times)

legendary
Activity: 3542
Merit: 1966
Leading Crypto Sports Betting & Casino Platform
So, once again some scare tactics are used to link Human Trafficking to Crypto currencies to achieve their goals.  Roll Eyes https://www.banking.senate.gov/imo/media/doc/Murray%20Testimony%209-3-2019.pdf

The US used the 911 attacks as a scare tactic to push through legislation that infringed on people's privacy and they gave themselves the power to do things that would never have been approved, prior to 911.  Roll Eyes

The funny thing is, they can regulate Bitcoin and other Crypto currencies as much as they want, but Bitcoin can still be used in a unregulated environment.  Grin Grin Grin
newbie
Activity: 22
Merit: 0
In my opinion strengthening the crypto currency regulation would emphasize the due diligence of counterparty financial institutions, because the current system makes it difficult for the US to isolate rogue service providers from the U.S. financial system.
jr. member
Activity: 41
Merit: 3
The Financial Integrity Network (FIN) — a Washington D.C.-based advisory firm — has urged the United States Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act (BSA).

https://cointelegraph.com/news/us-congress-urged-to-regulate-crypto-sector-under-bank-secrecy-act
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