Blog | G5 Cyber Security

Illicit Crypto Activity Detected By US Treasury Department

U.S. Department of the Treasury has detected a rise in the use of digital assets for illicit transactions since Feb. 24 – when the Ukraine invasion began. Economists and foreign policy experts have long warned that Russia could resort to blockchain-enabled transactions to either funnel oligarch money or attempt to revive its economy. A Treasury official says the volume is too insignificant to aid Moscow in skirting the United States’ designations against Russian banking, its oligarchs and high-ranking officials. Lawmakers continue to express concern about the potential abuse of blockchain technology.”]

Source: https://www.careersinfosecurity.com/illicit-crypto-activity-detected-by-us-treasury-department-a-18771

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