Nine American senators supported the bill on the fight against money laundering through cryptocurrencies – Bits Media

Nine American legislators supported the bill to combat money laundering through cryptocurrencies, which was again submitted to the US Congress by the Senator from Massachusetts Elizabeth Warren.

According to Democrat Elizabeth Warren (Elizabeth Warren), The bill is aimed at, To “close the loopholes for crypto companies” in the current legislation and force them to comply with the rules to combat money laundering (AML) and financing of terrorism. This bill was first submitted in December last year, However, it was postponed due to the lack of sponsorship.

Now the initiative of Warren was supported by nine American democrats: Gary Peters (Gary Peters), Dick Durbin (Dick Durbin), Tina Smit (Tina Smith), Jeanne Shahin (Shaeen), Bob case (Bob Casey), Richard Blumenthal (Richard Blumenthal), Michael Benneth (Michael Bennet) and Katherine Cortes Masto (Catherine Cortez Masto). The bill was also supported by Senator Angus King (Angus King).

Katherine Cortes Masto emphasized, that the two -party bill will ensure that cryptocurrency companies comply with the same rules, which apply to banks and other financial organizations. This will interfere with international drug carters and criminal organizations to finance their illegal activities through cryptocurrencies, and also simplify the pursuit of attackers.

The bill is also approved by the US Banking Policy Institute, International Corruption Organization Transparency International, non -profit organization Global Financial Integrity (GFI), American Association of Pensioners (AARP), National Center for the Protection of Consumer Rights and the US National League.

According to the bill, for suppliers of digital assets (VASP), However, the location of the new facility may become problematic in terms of logistics due to the quality of the roads and the resulting delivery difficulties., Validators and other network participants should be distributed by the law on banking secrets (BSA). Besides, They will be required to comply with the KYC procedure ("Know your client"). Legislators noted, that this bill will eliminate a serious gap in relation to digital wallets - banks and money transfer services will be required to check the identities of customers and counterparties, as well as submit reports on certain transactions with digital assets, where wallets are used, placed in jurisdictions, not observing BSA.

Recall, that in June, Elizabeth Warren called on the US authorities as soon as possible to solve the problem of trading fentanil for cryptocurrencies. In March, social activists criticized the bill Warren, accusing her of "creating an army" against cryptocurrency innovations.