Two provisions related to cryptocurrency Anti-Money Laundering issues have been removed from the National Defense Authorization Act. These provisions were aimed at addressing concerns regarding money laundering activities associated with cryptocurrencies. However, they have now been abolished, potentially leaving gaps in the regulation and oversight of cryptocurrency transactions. The removal of these provisions may impact efforts to combat illicit financial activities and ensure the integrity of cryptocurrency markets. It remains to be seen how this decision will affect the overall regulatory landscape surrounding cryptocurrencies and their potential misuse for money laundering purposes.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinUS gov’t removes two crypto AML rules from national defense bill