# Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML

# Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML

“# Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML ” Janet Yellen, a former leader at the Federal Reserve and Joe Biden’s pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing.  In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions…

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# Treasury backs down: Crypto monitoring rule will wait until new administration

# Treasury backs down: Crypto monitoring rule will wait until new administration

“# Treasury backs down: Crypto monitoring rule will wait until new administration ” In response to a deluge of comments, the United States Treasury Department’s Anti-Money Laundering office is slowing its roll on a rushed proposal to monitor a whole new range of cryptocurrency transactions. On Thursday, the Treasury’s Financial Crimes Enforcement Network, or FinCEN,…

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