Patcay.com – The United States regulator highlighted that some Crypto Company in the digital asset realm have not fully engaged in halting the current spotlighted dark financial activities.
US Deputy Secretary of the Treasury, Wally Adeyemo, shared his views at an event in London, stating that most financial institutions are strongly inclined to participate in efforts to combat terrorist financing.
Nevertheless, Adeyemo emphasized the presence of individuals in the digital asset sector who are innovating without fully considering the consequences, including protecting themselves from dark financial flows.
“We hope that financial institutions, digital asset companies, and others in the virtual currency ecosystem can take concrete actions to prevent terrorist access to resources,” Adeyemo expressed on Thursday (11/9/2023).
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The US recently imposed sanctions aimed at disrupting funding for Hamas, focusing on individuals involved in Hamas’ investment portfolio and crypto exchanges based in Gaza.
The US Department of the Treasury also announced a second round of sanctions targeting additional assets in Hamas’ investment portfolio, as well as individuals facilitating the evasion of sanctions by companies affiliated with Hamas.
Cryptocurrency wallet addresses use pseudonyms, allowing users to send and receive cryptocurrencies without revealing their identities.
However, officials from the US Department of the Treasury emphasized that groups like Hamas can be identified when attempting to exchange cryptocurrencies for traditional currencies, such as the dollar, which can be used for various purchases.
Officials highlighted that recognizing these points, even outside the United States, is an integral part of their duties.