Treasury official acknowledges most crypto transactions are 'legitimate' but still anticipates additional sanctions
Wally Adeyemo, the Deputy Secretary of the U.S. Department of the Treasury, said the department would likely be enforcing more sanctions on companies involved in illicit transactions related to ransomware payments.
Speaking at an online event hosted by the Center for a New American Security with former Treasury Secretary Jack Lew and Ambassador Paula Dobriansky, Adeyemo said the U.S. government would likely be dipping into its toolbox by employing sanctions when criminals threaten national security interests. He specifically mentioned “crypto exchanges or mixers that are fundamentally in the business of furthering cybercriminals” as possible targets.
“Our view is that the vast majority of digital assets are being used for legitimate purposes,
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