The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg.
“Illicit actors are constantly looking for effective ways to hide criminal activity and the laundering of their proceeds,” Rosenberg said at a Monday banking event in Sydney, Australia. “This is a threat to DeFi services or other elements of the virtual asset ecosystem.”
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