April 06, 2023

DeFi Needs to Comply With Anti-Money Laundering Rules, US Treasury Says

Source: Bloomberg

Journalist: Daniel Flatley

Alex Zerden, a former Treasury official who advises cryptocurrency firms on their illicit-finance risks, said that while the broader regulation of digital assets remains a divisive legal and legislative issue, Treasury has been attempting to settle some open questions about the technology with guidance and reports like the one issued Thursday.

“Treasury remains consistent in identifying activities that are subject to AML/CFT requirements, regardless of what the activities are called,” Zerden said.

“New technologies may pose novel questions,” Zerden said in an email. But “Treasury continues to focus on the importance of public-private partnerships and the need to reach nontraditional actors who may have Bank Secrecy Act obligations.”

Read the full story and more from Bloomberg.


  • Alex Zerden

    Adjunct Senior Fellow, Energy, Economics, and Security Program, Founder, Capital Peak Strategies

    Alex Zerden is the founder of Capitol Peak Strategies, a risk advisory firm based in Washington, DC. Capitol Peak works with leading financial institutions, companies and orga...