Digital Finance Security: Combating Terrorism and Illicit Use of Crypto Assets.
This Act establishes a specialized working group composed of government and private sector experts to research how new financial technologies, including digital assets, are used for terrorism financing and illicit activities. The goal is to develop new regulations and strategies to enhance national financial security and prevent criminals from hiding money. Citizens benefit from a safer financial system and clearer rules regarding digital assets.
Key points
Creation of an independent working group to study how terrorists and criminals use digital assets (like cryptocurrency) for illegal purposes.
The group is mandated to develop specific legislative proposals to improve anti-money laundering and counter-terrorist financing efforts in the digital age.
Requires the government to create a public strategy detailing how the U.S. will prevent hostile actors from using digital assets to evade sanctions.
Status:
Expired
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