On September 21, the US Treasury Department announced that it will sanction a crypto exchange for its role in facilitating financial transactions for ransomware actors.
The cryptocurrency exchange SUEX, a private company registered in the Czech Republic, has facilitated transactions involving illicit proceeds for at least eight ransomware variants. The Treasury Department pointed out that more than 40% of the company’s transaction history is associated with illicit actors.
This means SUEX would not be able to do business with US entities and engage with US citizens. This sanction also marks the first action against a virtual currency exchange after a string of ransomware and cyberattacks in 2020. The ransomware payments caused a total loss of $400 million in 2020 alone which is four times that of 2019.
The Treasury has emphasized on several occasions that virtual currency activities are legal but there is a need to sanction bad actors that utilize these technologies for illicit g
Źródło: https://cryptoslate.com/how-do-the-recent-u-s-treasury-sanctions-impact-crypto-accessibility/
