US Actions Show View Of Crypto As National Security Threat

By Katherine Kirkpatrick, Christine Savage, Russell Johnston and Sumon Dantiki (March 18, 2020, 6:27 PM EDT) -- In the past, sanctioned jurisdictions like Venezuela have embraced virtual currency as a way to bypass channels that involve U.S. dollars, blunting the impact of U.S. economic sanctions policies aimed at isolating those countries from the U.S. financial system.

U.S. regulators have moved quickly to limit loopholes that could make unusable certain aspects of cryptocurrencies well suited to evade enforcement.[1]

In addition to nation-states using virtual currencies to evade sanctions, terrorist groups have shown an interest in using them to finance operations, and transnational criminal organizations use cryptocurrencies to facilitate money laundering.

In his final redacted report, former Special Counsel Robert...

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