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US Treasury unleashes cryptocurrency sanctions to fight ransomware

September 22, 2021
Source: scmp.com scmp.com
News Snapshot:
This story is published in a content partnership with POLITICO. It was originally reported by Sam Sabin and Victoria Guida on politico.com on September 21, 2021. The US Treasury Department on Tuesday announced a crackdown on the use of digital currencies in ransomware attacks and other financial crimes, including its first-ever sanctions against a crypto exchange. Treasury said about 40 per cent of the transactions at the sanctioned cryptocurrency exchange operating in Russia – Suex – involved illicit activities. The new sanctions will block all trades involving Suex and US entities. The department also plans to identify other exchanges tied...
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Tags: app | Attack | ban | Biden | bitcoin | block | blockchain | boycott | Business | chat | China | content | crackdown | crypto | cryptocurrency | currency | cybersecurity | finance | fintech | hacker | national security | Russia | Sanctions | technology | Terrorism

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