The U.S. District Attorney for the Manhattan District of Columbia is urging lawmakers to strengthen cryptocurrency regulatory enforcement tools.
```
Manhattan District Attorney Alvin Bragg urges New York State lawmakers to strengthen enforcement in the cryptocurrency sector and warns that cryptocurrency has become an important tool for money laundering and organized crime.
He calls for the implementation of a mandatory licensing system, enforcement of customer identification rules, and criminal penalties for unlicensed cryptocurrency companies, while pointing out that current laws have flaws that limit prosecutors' enforcement authority.
Experts say that stricter regulatory rules may curb large-scale fraud, but the effectiveness of policies will depend on the technical capabilities of law enforcement agencies and the clarity of relevant legal provisions.
```
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Litecoin Hits 8-Month High as ETF Holdings Set Record — Can Bulls Clear $75?
BH Macro corrects disclosure on Aug. 7 buyback of 5,454 sterling shares at GBP 4.19
The Ultra-Rich Fear Inflation Now. What Are They Buying?
U.S. consumer confidence drops to a four-month low in September, short-term inflation expectations rise to 4.6%
As rising energy prices further exacerbate concerns about the cost of living for American households, U.S. consumer confidence continued to deteriorate in September, falling to its lowest level in four months.
Crypto prices
More
