The United States tightens surveillance on cryptocurrencies

The United States has recently conducted various judicial proceedings in the area of ​​​​cryptocurrencies. The Justice Department’s surveillance measures have become more radical following the FTX and Binance cases.

With the security of clients’ assets as its goal, the United States has radicalized the monitoring of cryptocurrency transactions. With this, they have managed to bring to light cases of fraud, non-compliance with regulations, evasion of controls, among other crimes.

The most recent scandal in this market is that of the Binance exchange, where CEO Changpeng Zhao was forced to leave office and pay a million-dollar fine to the authorities.

The radicalization of supervision, according to some analysts, could lead the platform to bankruptcy. However, this is a completely relevant control of the FED, the SEC and the Department of Justice (DOJ).

With the Binance case, the DOJ will henceforth apply stronger measures in the crypto sector, which include everything from internal procedures to anti-evasion policies to prevent fraud, money laundering, tax evasion, financing of terrorist activities, among others.

M.Pino

Source: cripto247

(Reference image source: Aditya Vyas, Unsplash)

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