The US Treasury Department warned that illegal cryptocurrency use is increasing.
According to the report shared by the Ministry for 2024 fraud, drug trafficking, human trafficking And degeneration The use of crypto money in crimes such as crimes started to increase.
“The revenues from drug trafficking are largely cash Money Even though it is laundered using law enforcement agencies in the USA, He became increasingly concerned about the use of virtual assets.” It was said.
The ministry added that some virtual asset service providers (VASPs) have not fulfilled their legal obligations in the United States.
The report also includes decentralized finance (DeFi) protocols. It falls under the Bank Secrecy Act (BSA) specified. Ministry, “Despite this, many DeFi services that fall within the scope of BSA today do not fulfill their AML/CFT obligations.” said.
Organizations like ISIS “began to understand virtual assets better” Stating that some terrorist organizations “began experimenting with alternative types of virtual assets.” Wrote.
Terrorist organizations have widely used Bitcoin in the past, and in recent times to use stablecoin It was added that it also started.