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Crypto Analytics Firm Elliptic To Recommend Congress Add Stricter AML Rules For Privacy coins
Summary: Crypto analytics startup Elliptic will be recommending that the U.S. Congress call for more stringent anti-money laundering (AML) enforcement around exchanges facilitating the trade of privacy coins. On Wednsday the House of Representatives’ Tom Lantos Human Rights Commission will look at the impact of the Trafficking Victims Protection Act. During this hearing the commission will also ...
Crypto analytics startup Elliptic will be recommending that the U.S. Congress call for more stringent anti-money laundering (AML) enforcement around exchanges facilitating the trade of privacy coins.
On Wednsday the House of Representatives’ Tom Lantos Human Rights Commission will look at the impact of the Trafficking Victims Protection Act. During this hearing the commission will also look to evaluate technology-enabled threats that need to be addressed. Liat Shetret, head of policy and research at London-based crypto forensics firm Elliptic, is scheduled to testify at the hearing.
Shetret plans to recommend that Congress and regulators develop new guidance on how banks and cryptocurrency exchanges should handle privacy coins and the individuals who trade them.
Shetret stated that while Elliptic does respect every individual’s right to financial privacy and that privacy coins do have societal value, their connection to criminal activities and dark web marketplaces must be addressed.
By Ramsey Baker
Tags: AML,Cryptocurrency,Elliptic,U.S. Congress
Link: Crypto Analytics Firm Elliptic To Recommend Congress Add Stricter AML Rules For Privacy coins [Copy]
