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Late last month, a bipartisan group of U.S. Senators introduced the Financial Technology Protection Act, which would “create a working group tasked with studying how terrorists or other criminals might use cryptocurrencies and other new financial technologies, and create proposals for Congress and regulatory agencies aimed at countering these uses”. This working group “would be composed of representatives from the U.S. Treasury Department, Financial Crimes Enforcement Network (FinCEN), the Internal Revenue Services (IRS), the Office of Foreign Asset Control (OFAC), the FBI, the Drug Enforcement Agency, the Department of Homeland Security, the Department of Justice, the Department of State and the CIA”.
Bitcoiners should pay close attention to these developments as the DOJ in particular has attempted to paint bitco
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