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Money Laundering · United StatesThe 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…See the Story
US Treasury Open to Enforcing Digital ID Verification in DeFi
Cryptocurrency · BaselThe paper, issued by BIS economists, proposes using blockchain as a transaction history to overcome the limitations faced by current AML measures when dealing with decentralized assets, such as cryptocurrencies and stablecoins, in order to protect off-ramping institutions. BIS Bulletin Proposes Using Blockchain History to Build Crypto AML Score The expansion of cryptocurrency and stablecoins... The post BIS Bulletin Proposes Revamping Crypto AML…See the Story
