The U.S. Treasury, represented by Deputy Secretary Brian Nelson, clarified at CoinDesk's Consensus conference that it does not plan to ban cryptocurrency mixing services. Instead, the Treasury aims to enhance transparency and collaborate with the crypto industry to address privacy concerns.
⚠️The U.S. Treasury Department sees unregulated stablecoins as a national security threat Brian Nelson, the Treasury’s undersecretary for terrorism and financial intelligence, warned that criminal groups are using crypto to skirt U.S. law 👀 Read More: https://t.co/xeQZBURM3C
U.S TREASURY DENIES ATTEMPT TO BAN CRYPTO MIXING SERVICES The U.S. Department of the Treasury is not aiming to ban cryptocurrency mixing services, said Brian Nelson, Under Secretary for Terrorism and Financial Intelligence, at CoinDesk's Consensus conference. Addressing… https://t.co/s8VwNQbwvi
UPDATE: THE U.S. TREASURY HAS NO PLANS TO BAN CRYPTOCURRENCY MIXING SERVICES - BRIAN E. NELSON
Brian Nelson (@UnderSecTFI) said at #Consensus that @USTreasury isn't attempting to ban crypto mixing services, but instead aims to enhance transparency. “We believe that there is a difference between obfuscation and anonymity enhancing services that support privacy" https://t.co/9UXeaebv97
U.S. Treasury Deputy Secretary Brian Nelson said the Treasury Department does not intend to ban cryptocurrency mixing services. It aims to promote transparency rather than banning mixing services. The Treasury Department hopes to work with the crypto industry to find ways to…
[COINDESK] U.S. Treasury Isn’t Trying to Ban #Crypto Mixers, Top Official Says
The U.S. Treasury isn’t trying to outright ban crypto mixing services, according to a top official speaking at CoinDesk’s annual Consensus conference in Austin. #Consensus2024 @cheyenneligon reports https://t.co/lmcJFMIH5X