United States Congress
Crypto-Asset National Security Enhancement and Enforcement Act of 2023
July 18, 2023
Summary
The bill clarifies that U.S. persons involved in decentralized finance protocols or virtual currency kiosks are subject to existing sanctions and anti-money laundering obligations. It expands the definition of financial institutions under the Bank Secrecy Act to include digital asset transaction facilitators and protocol backers. The bill aims to enhance national security by ensuring compliance in the crypto sector.
Source: https://www.congress.gov/bill/118th-congress/s-bill/2355
Common questions
- What does "Crypto-Asset National Security Enhancement and Enforcement Act of 2023" cover?
- The bill clarifies that U.S. persons involved in decentralized finance protocols or virtual currency kiosks are subject to existing sanctions and…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on July 18, 2023.
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