Innovate some compliance mechanisms, US Treasury official tells DeFi neighborhood

The US Treasury did a threat evaluation of decentralized finance (DeFi) and located the sector missing in a number of methods, Assistant Treasury Secretary for Terrorist Financing and Monetary Crime Elizabeth Rosenberg reminded an viewers on the Atlantic Council assume tank on April 21. Prepare for extra regulation, she stated.

Rosenberg was referring to a report launched earlier in April by the Treasury that discovered scammers, cash launderers and North Korean hackers benefitting from the dearth of Anti-Cash Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance within the sector. That report was a part of the Treasury’s response to U.S. President Joe Biden’s government order on the accountable improvement of digital belongings.

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