Cryptocurrency has become “the payment of choice for perpetrators of child sexual abuse and exploitation,” the lawmakers noted, citing a February FinCEN Trend Analysis from transactions in 2020 and 2021 and a Chainalysis report from this past January. “Existing anti-money laundering rules and law enforcement methods face challenges in effectively detecting and preventing these crimes – and we seek to ensure that Congress and the administration are doing their part to address these challenges.”

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• Source: https://www.coindesk.com/policy/2024/04/26/warren-flags-crypto-ties-to-child-sexual-abuse-in-letter-to-doj-homeland-security/?utm_medium=referral&utm_source=rss&utm_campaign=headlines