" He strongly criticized the move. According to The Block on the 10th (local time), Elizabeth Warren
Six Democrats, including Massachusetts Sen. Todd Branigan,
"The Ministry of Justice's recent actions are serious mistakes that could facilitate sanctions evasion, drug trafficking, fraud, and child sexual exploitation," he said in a letter to Deputy Minister Todd Blanche.
" Blanche is a former member of the defense team for former President Donald Trump, and based on the current administration's pro-cryptocurrency stance, he immediately established the National Cryptocurrency Exploitation Team (NCET) under the Ministry of Justice.
The government also announced that it would disband the cryptocurrency exchange and mixer services in 2019 and cease its investigation into them. In response, lawmakers said, "Mixers are used by cybercriminals, including North Korean hackers, and
"It is the primary tool used by criminals to launder illegal funds and is also frequently used by drug traffickers and those selling child sexual exploitation materials," he said, adding that the Ministry of Justice should not "stand by and watch" such tools.
They also pointed out that the Department of Justice has made it clear that it will not prosecute any more cases of digital asset crimes and violations of the Bank Secrecy Act (BSA).
He also called the proposed law "similarly unreasonable" and said, "Such a policy would be inappropriate for cryptocurrency exchanges, mixers and other digital asset-related companies to comply with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations."
) obligations, which could create vulnerabilities in the entire digital asset ecosystem."
He added that "drug traffickers, terrorists, fraudsters, and America's adversaries will exploit this vulnerability on a massive scale."
2025/04/11 16:56 KST
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