Fiat is Still Dominant in terms of Criminal Money: Highlights US Treasury Department - BitcoinEthereumNews.com
เศรษฐกิจFiat is Still Dominant in terms of Criminal Money: Highlights US Treasury Department03 / 20 / 2022ข่าว Bitcoin Ethereum Concerns have always revolved around the crypto assets being used for illicit purposes but the US Treasury department revealed something that is beyond these doubts. Decentralized Finance (DeFi) and technologies that are increasing anonymity can be the potential wrongdoers, says the National Money Laundering Risk Assessment Fiat currency and traditional methods are still more widely used to carry out illegal trading and activities. In early March, the US Treasury Department released a three-yearly report that revolved around the issues like money laundering, proliferation financing, and terrorist financing. And all of them revolved around digital assets. And the crypto critics might think this is going to be all about crypto assets being broadly used in these areas. But the scenario is still inclined toward fiat currencies and traditional money, as they remain to be still used more commonly for such activities. Money Laundering and the Asset Class However, The National Money Laundering Risk Assessment referred to digital assets as an ever-evolving world within the money launderers extending toolkit for hiding their funds. They particularly referred to Decentralised Finance (DeFi) and technologies that are increasing anonymity to be the potential