US Senator Mark Warner recently inserted legislative elements into the counter-terrorism financing bill, giving the US president sweeping powers to conduct rigorous scrutiny of digital assets (including a broad ban on access to digital assets), causing concern among industry players.
Under the new law, which broadly defines "digital assets" to include any digital representation of value recorded on a cryptographically protected distributed ledger, the president can block transactions between Americans and foreign entities deemed to support terrorist organizations. These include strict restrictions on foreign Financial Institutions Groups that are found to have accounts in the United States facilitating such transactions.
New US law broadly defines "digital assets", giving the US president the power to block access to them
2024-06-06 09:32:12
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