Study Cases of Cryptocurrencies Used for Illegal Activities

[wilkine]

A bipartisan bill introduced to the U.S. Senate and House of Representatives on Thursday would call on the federal government to study cases of cryptocurrencies being used for illicit activities and make recommendations on how to reduce those uses. The Financial Technology Protection Act proposes the creation of a task force to study how cryptocurrencies and other new financial technologies are used by terrorists or other criminals and to make recommendations for Congress and regulators aimed at combating these uses.