US Treasury says, Decentralized Crypto Markets threaten national security
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The US Treasury Department has released a press release on the 2023 DeFi illicit finance risk assessment. The report was released after a proper analysis of the decentralized finance sector.
Additionally, the report speaks about how the Democratic People’s Republic of Korea (DPRK), cybercriminals, thieves, scammers, and ransomware attackers use DeFi services to launder and move their illicit proceeds.
The Press Release - https://home.treasury.gov/news/press-releases/jy1391
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