US crypto tsar promises crackdown on digital platforms | Financial Times

The top US cryptocurrency enforcement tsar is promising a crackdown on illicit behaviour on digital platforms, saying the scale of crypto crime has grown “significantly” in the past four years.

The Department of Justice is targeting crypto exchanges along with the “mixers and tumblers” that obscure the trail of transactions, said Eun Young Choi, who was appointed director of the agency’s national cryptocurrency enforcement team last year. The DoJ is targeting companies that commit crimes themselves or allow them to happen, such as enabling money laundering, she said.

“But on top of that, they’re allowing for all the other criminal actors to easily profit from their crimes and cash out in ways that are obviously problematic to us,” she added. “And so we hope that by focusing on those types of platforms, we’re going to have a multiplier effect.”

Source: US crypto tsar promises crackdown on digital platforms | Financial Times