Home Cryptocurrency News US to target ransomware payments in cryptocurrency with sanctions – Security

US to target ransomware payments in cryptocurrency with sanctions – Security

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The Biden administration is making ready to take actions, together with sanctions, to make it tougher for hackers utilizing digital forex to revenue from ransomware assaults, the Wall Street Journal reported.

The US Treasury division plans to impose sanctions as quickly as subsequent week, the report mentioned, citing folks aware of the matter.

The division may even problem a brand new steerage on the dangers related to facilitating such ransomware funds, WSJ reported, together with fines and different penalties.

New anti-money laundering guidelines and terror finance guidelines, that are anticipated to come back later this yr, will purpose to restrict using cryptocurrency for funds in ransomware assaults and different illicit actions, the report added.


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