Senator Elizabeth Warren is drafting a bill to make it harder to circumvent economic sanctions with digital currencies. This politician represents the camp of supporters of strict crypto regulation in the American establishment.
She has repeatedly demanded from Congress and the government to legalize the blockchain industry in the most stringent terms so that the state can control all operations with digital currencies.
Warren tweeted midweek that her bill would prevent states under sanctions from circumventing restrictions with virtual currencies. First of all, this document refers to Russia, against which the countries of the European Union and the United States have imposed new sanctions.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
As the NBC channel clarifies, the bill spells out a mechanism for identifying participants in crypto transactions. The Ministry of Finance will have all such information.
Last week, a group of senators, including Warren, wrote a letter to Treasury Secretary Janet Yellen urging the department to pay special attention to cryptocurrencies, which are increasingly used by countries to circumvent financial restrictions.