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U.S. Attorney General Releases New Crypto Regulation Guidelines Weeks After BitMEX Charges

Emily Mason

Summary: Attorney General for the United States William Barr published new official guidelines for regulating cryptocurrencies on Thursday, October 8. The new framework outlines the threats and enforcement challenges attached to cryptocurrencies and advises government agencies on how to proceed. The new framework comes weeks after the Commodities and Futures Trading Commission and Department of Justice ...

Attorney General for the United States William Barr published new official guidelines for regulating cryptocurrencies on Thursday, October 8.

The new framework outlines the threats and enforcement challenges attached to cryptocurrencies and advises government agencies on how to proceed. The new framework comes weeks after the Commodities and Futures Trading Commission and Department of Justice filed charges against leading crypto exchange BitMEX for not having stringent enough money laundering protections.

The report honed in on privacy coins like Monero as particularly prone to use for illicit purposes. Report authors highlighted that the U.S. does have regulation over cryptocurrencies when they interact with U.S. based servers.

By Emily Mason

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