Banking and Finance Law Daily Wrap Up, FINANCIAL TECHNOLOGY—GAO report highlights growing using of crypto payments in drug, human trafficking, (Jan 11, 2022)

By Jacob Bielanski

Treasury should update anti-money laundering rules to require operators of virtual currency “kiosks” to include location of each device with their bi-annual money services business registration, GAO says.

The Government Accountability Office (GAO) made public its report to Congress on the role virtual currencies ...