U.S. Attorney General issues guidelines for enforcing cryptomoney laws
Regulation and guidance continue to come from the land of the free.
William Barr, the US Attorney General, issued official guidelines to hold cryptomarkets accountable.
The U.S. Attorney’s Cyber-Digital Task Force developed the guidelines, officially Bitcoin Rush review calling them: Cryptocurrency: An Enforcement Framework, according to an October 8 statement from the U.S. Department of Justice
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The statement explained:
„The Framework provides a comprehensive overview of the emerging threats and enforcement challenges associated with the growing prevalence and use of cryptomontages; details the important relationships the Department of Justice has built with regulatory and compliance partners both within the U.S. government and around the world; and outlines the Department’s response strategies.
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The new guidelines come after the U.S. Department of Justice and the Commodity Futures Trading Commission pursued the exchange of BitMEX cryptosystems derivatives, citing multiple illegal activities.
„Cryptomongering is a technology that could fundamentally transform the way humans interact and how we organize society,“ Barr said in the statement. „Ensuring that the use of this technology is safe and does not endanger our public safety or national security is of paramount importance to the United States and its allies.
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The statement also included a number of comments from other authorities, highlighting both the innovative potential of the technology and its use in bad deals.
This is a late-breaking story and will be updated.