US to Unveil Sanctions on Use of Cryptocurrency for Ransomware for Ransoms: Report: Treasury Department to Announce Sanctions as Early as This Week. Biden administration may unveil plans to curtail the ransomware attacks that have crippled corporate networks this year. Officials reportedly say this action aims to serve as a deterrent against fulfilling ransom demands – and could focus on digital wallets that house ransom payments and platforms that help obfuscate the funds. Some crypto advocates and industry watchers say regulatory overreach will stifle financial innovation.”]
Source: https://www.cuinfosecurity.com/us-to-unveil-sanctions-on-use-cryptocurrency-for-ransoms-a-17567