In a bid to address the government’s growing concerns surrounding the illicit use of digital assets, Senators Elizabeth Warren and Roger Marshall have introduced the Digital Asset Anti-Money Laundering Act of 2023.
The Digital Asset Anti-Money Laundering Act of 2023
The proposed legislation aims to bolster national security by closing loopholes and ensuring that the digital asset ecosystem aligns with existing anti-money laundering and combating the financing of terrorism (AML/CFT) frameworks governing traditional financial systems.
According to the filing, the motivation behind the proposed legislation stems from alarming reports by multiple national…
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