MARKET STRUCTURE BILL RISKS CREATING AN ‘ILLICIT FINANCE SUPERHIGHWAY’ FOR DEFI, WARNS EXPERT
https://s.yimg.com/ny/api/res/1.2/pTeLv5NkTOAccd.TUkKi5Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03ODU-/https://media.zenfs.com/en/dlnews_702/f014ee833281f1fbb548ad98253b9313
✍️ A new report suggests that sanctions on crypto protocols are effective in reducing illicit activities, but a proposed bill in the US Senate may weaken these efforts.
👉 Sanctions on crypto protocols are effective in reducing illicit activities 👉 A proposed bill in the US Senate may weaken these efforts 👉 The bill would exclude similar protocols from traditional anti-money laundering and bank secrecy regulations 👉 Developers who deploy smart contracts without unilateral control would be exempt from anti-money laundering and bank secrecy regulations
-- #ProfessorJohnM.Griffin #RomanStorm #LeeReiners #AriRedbord #DavidSacks #LiamKelly #UniversityofTexasatAustin #Berlin #CapitolHill #technology
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