The US Treasury Department believes terrorist groups will increase their use of virtual currencies and other digital assets unless Congress approves new regulatory tools, Deputy Secretary Wally Adeyemo says. In testimony for today’s (Tues) hearing of the Senate Banking, Housing and Urban Affairs Committee on Tuesday, Adeyemo warned groups like al Qaeda, Hamas and even…
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NEWS: Terror groups, Russia and NK expanding use of crypto, warns US Treasury; need for more legal powers

CRYPTO WARNING: Deputy Secretary of the Treasury Wally Adeyemo told a US senate committee today (Tuesday): "While we continue to assess that terrorists prefer to use traditional financial products and services, we fear that without congressional action to provide us with the necessary tools, the use of virtual assets by these actors will only grow."