US EditionUS Treasury Open to Enforcing Digital ID Verification in DeFi
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The U.S. Treasury Department plans to require DeFi platforms to introduce digital identity verification technology to combat illegal financial activities. This move may undermine the privacy and decentralization of DeFi. The Treasury Department is currently soliciting public opinions to improve the regulatory plan.
US Treasury open to enforcing digital ID verification in DeFi
The United States Department of the Treasury is looking into the possibility of deploying a digital identity to curb illicit financial activities in the decentralized finance (DeFi) sector. The US Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used in its fight against crime. According to its document, the Treasury noted that one of its options will be to embed identity checks into DeFi…
Treasury seeks input on digital asset illicit finance detection methods - Ledger Insights - blockchain for enterprise
The U.S. Department of Treasury is requesting public comment on innovative methods to detect illicit activity involving digital assets, fulfilling a requirement under the GENIUS Act signed into law by President Trump in July. Comments must be submitted by 17 October. A key benefit of blockchains is their inherent traceability, which contrasts with traditional payments, […] The post Treasury seeks input on digital asset illicit finance detection …
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