The U.S. Government Accountability Office (GAO) said there should be regulation of cryptocurrency ATMs.
The GAO stated that regulation to cryptocurrency ATMs is needed, as it considers cryptocurrencies to finance illegal human and drug trafficking. In addition, the GAO is responsible for the regulation of cryptocurrency ATMs. US revenue agency IRSi and Treasury Department FinCENHe invited me to work together.
The US Government Accountability Office released a report on the matter on Monday. In the report: As the cryptocurrency market grows, human and drug trafficking He stated that they think that the use of cryptocurrencies for illegal purposes, including the use of cryptocurrencies, will increase. Also in the report GAO, From ATMs to trading on cryptocurrency exchanges more difficult He said he was being watched.
GAO’s report crypto-related crimes are on the rise His views on the subject contradict a report by research firm Chainalysis. According to Chainalysis’s report, it will be expected in 2021 compared to the increase in the volume of the cryptocurrency market. blockchain-based crimes are declining had stated.
In 2021, the IRS 1 billion dollars affiliated with Silk Road $3.5 billion He announced that he had confiscated cryptocurrencies.
GAO, in its investigation of crypto-related crimes last year, 36% of crimes He found out that he was involved in drug trafficking.