U.S. Deputy Attorney General Rod Rosenstein urged the international police community to crack down on criminals who use cryptocurrencies to hide their actions.

Speaking at Interpol’s 87th General Assembly, the No. 2 man at the Justice Department called on attendees to develop cryptocurrency regulation that ensures digital currency cannot be “abused by criminals, terrorist financiers or sanctions evaders.” In the U.S., for instance, cryptocurrencies are regulated under anti-money laundering laws, he said, as quoted by CoinDesk.

He warned that criminals are using “the lure of coin offerings and the promise of new currencies to bilk unsuspecting investors, promote scams and engage in market manipulation.” Read more here.

ThirtyK Staff
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