Crypto Law Statement from the US Department of Justice

Cryptocurrency market continues to appeal to large masses every day. In this sector, which is gaining popularity, legal regulations are also gaining importance. This time, a new step came from the US Department of Justice. A new report calls for more international cooperation between law enforcement on the crypto and blockchain front.

According to the news of The Block; The US Department of Justice (DOJ) report, developed in collaboration with other US institutions following the White House's crypto related executive order, discussed the issue of harmonizing information sharing, anti-money laundering and know your customer rules. This report, which was announced, was prepared against the executive order issued by the President of the United States of America, Joe Biden, regarding digital assets. In the introduction to the report, US Attorney General Merrick Garland made the following statements: “The increased use of digital assets in the global financial system has profound implications for investors, consumers and businesses, increasing the risk of crime such as money laundering, ransomware, terrorist financing, fraud.” Merrick Garland added the following statements about cryptocurrencies in his statement: “Strong international law enforcement cooperation will be required to best position the United States and its partners to detect, investigate, prosecute and otherwise disrupt criminal activity related to digital assets and to overcome the unique legal barriers that the features of these technologies pose. Sanction efforts to combat its abuse.”