Hamas money laundering worries spark new U.S. crypto rule ...Middle East

The Biden administration on Thursday proposed labeling a cryptocurrency practice that provides customers with anonymity as a money laundering concern, amid a larger effort to crack down on illicit uses of crypto in the wake of Hamas’ surprise attacks on Israel. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said the rule would identify international crypto mixing — a practice that anonymizes crypto funds by mixing them with others — as a primary money laundering concern and would require financial institutions to report transactions involving crypto mixing. “Today’s action underscores Treasury’s commitment to combating the exploitation of Convertible Virtual

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