Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker has described cryptocurrency as an “evolving threat”.

TASS reports that she has expressed that opinion during the session of the US Senate Committee on Banking, Housing and Urban Affairs.

“The Treasury Department is working to be a step ahead of this evolving threat. We lead global efforts in reducing the risks of illegal financing of promising technologies, including virtual currencies. We are the regulatory and supervisory authority in this new sector,” she said.


According to Mandelker, USA, Japan and Australia are “among the few countries that regulate the exchange and payment operations through cryptocurrencies, decentralized convertible virtual currencies in particular”.

She also added that the Treasury Department is collecting data on around a hundred entities that hold auctions with the use of cryptocurrencies in order to prevent criminal financing.

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