US senators have unveiled a new bipartisan bill to crack down on crypto money laundering

Dec 14 2022 by Business Insider

 
The US Department of Treasury wants to target Russia and oligarchs as part of new strategy against illicit financing.

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US Senators are cracking down on money laundering via cryptocurrency in a new bill on Wednesday. Senators Elizabeth Warren and Roger Marshall proposed the bill titled "Digital Asset Anti-Money Laundering Act of 2022." If it becomes a law, this could amp up know-your-customer (KYC) requirements in the industry.

In a bipartisan effort, US Senators Elizabeth Warren...

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