Chief legal officer Paul Grewal said in his letter to Treasury that money laundering schemes have become increasingly sophisticated and law enforcement needs advanced technologies to counter them. Crypto exchange Coinbase has urged the US government to use blockchain analytics, artificial intelligence and other modern technology to curb financial crime in the space, in response to the Treasury’s request for comment on how to deter illicit activity in crypto. In the letter penned by chief legal officer Paul Grewal, dated Oct. 17 and shared to X on Monday, he argued money laundering schemes have become increasingly sophisticated through the use of advanced technologies, and law enforcement needs to follow suit to counter them. “Doing so would support a primary objective of the Anti-Money Laundering Act of 2020, which sought to modernize the Bank Secrecy Act,” he added. Read more Chief legal officer Paul Grewal said in his letter to Treasury that money laundering schemes have become increasingly sophisticated and law enforcement needs advanced technologies to counter them. Crypto exchange Coinbase has urged the US government to use blockchain analytics, artificial intelligence and other modern technology to curb financial crime in the space, in response to the Treasury’s request for comment on how to deter illicit activity in crypto. In the letter penned by chief legal officer Paul Grewal, dated Oct. 17 and shared to X on Monday, he argued money laundering schemes have become increasingly sophisticated through the use of advanced technologies, and law enforcement needs to follow suit to counter them. “Doing so would support a primary objective of the Anti-Money Laundering Act of 2020, which sought to modernize the Bank Secrecy Act,” he added. Read more
Coinbase to US: Embrace blockchain if you want to fight crime on it
Chief legal officer Paul Grewal said in his letter to Treasury that money laundering schemes have become increasingly sophisticated and law enforcement needs advanced technologies to counter them.
Crypto exchange Coinbase has urged the US government to use blockchain analytics, artificial intelligence and other modern technology to curb financial crime in the space, in response to the Treasury’s request for comment on how to deter illicit activity in crypto.
In the letter penned by chief legal officer Paul Grewal, dated Oct. 17 and shared to X on Monday, he argued money laundering schemes have become increasingly sophisticated through the use of advanced technologies, and law enforcement needs to follow suit to counter them.
“Doing so would support a primary objective of the Anti-Money Laundering Act of 2020, which sought to modernize the Bank Secrecy Act,” he added.
Read more
Market Opportunity
MicroVisionChain Price(SPACE)
$0.1121
$0.1121$0.1121
USD
MicroVisionChain (SPACE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Offchain Labs Purchases Additional ARB Tokens as Arbitrum Surpasses $20 Billion TVL
Offchain Labs, the development company behind the Arbitrum Layer 2 scaling solution, has purchased additional ARB tokens under a previously approved token buyback plan, coinciding with Arbitrum surpassing $20 billion in total value locked (TVL) and reinforcing the company's commitment to ecosystem growth as competition intensifies among Ethereum Layer 2 networks for market share, developer activity, and liquidity.
Share
MEXC NEWS2025/12/25 14:21
Ondo Finance to Launch Tokenized US Stocks and ETFs on Solana in Early 2026
Ondo Finance plans to launch tokenized U.S. stocks and exchange-traded funds on the Solana blockchain in early 2026, marking a significant expansion of the company's real-world asset (RWA) tokenization platform beyond its current focus on Treasury bonds and money market funds into equity markets with custody-backed structures enabling round-the-clock on-chain transfers and trading.
Share
MEXC NEWS2025/12/25 14:19
$23.7 Billion in Bitcoin Options and 446,000 IBIT Contracts Set to Expire Friday
Approximately 300,000 Bitcoin options contracts valued at $23.7 billion and 446,000 iShares Bitcoin Trust (IBIT) option contracts are scheduled to expire this Friday, December 27, 2025, creating potential for significant price volatility as traders close positions, hedge exposures, and market makers adjust inventories in one of the largest quarterly derivatives expirations in cryptocurrency market history that could influence Bitcoin's price trajectory heading into year-end and early 2026.
Share
MEXC NEWS2025/12/25 14:31