>

It’s another NFT offer, isn’t it?
Yep, more Russian money laundering

In addition, the Treasury Department’s FinCEN announced an Order pursuant to section 9714(a) of the Combating Russian Money Laundering Act, as amended, identifying Bitzlato as a “primary money laundering concern” in connection to Russian illicit finance. The order imposes a special measure prohibiting certain transmittals of funds involving Bitzlato by any covered financial institution. >

Yeah, I saw the FinCen report earlier today; hadn’t checked DOJ again though. >


WASHINGTON, Jan 18 (Reuters) - The U.S. Justice Department will "announce a major, international cryptocurrency enforcement action" on Wednesday, it said in a statement, adding the U.S. Treasury Department will also make an announcement.
"The U.S. Department of the Treasury will also announce an action in this space," the statement said.
U.S. officials, including Deputy U.S. Attorney General Lisa Monaco and Deputy U.S. Treasury Secretary Wally Adeyemo, will deliver remarks at 12 p.m. (1700 GMT) in Washington, according to the statement. >

It's already well past 12pm in DC; so what did they actually announce? >


The U.S. Justice Department will "announce a major, international cryptocurrency enforcement action" on Wednesday, it said in a statement, adding the U.S. Treasury Department will also make an announcement.

We don't know yet what that enforcement action will be, but I do suspect it will bring the WORST crypto bros out of the woodwork. >

I expect Republicans to offer their own plan: privatize SS and invest it in crypto. >

Crypto has become such a boon for money launderers and con artists that the whole concept is just begging for government action. It was sketchy enough when people used it for illegal transactions, but now it’s just the modern day way to extract money from fools. >

Their announcement: 

Crypto is a ponzi scheme. You deserve to be scammed if you're a cryptobro.  We are currently selling this mug for all of the upcoming cryptobros tears.