cryptocurrency National Security social media 
PYMNTS
JULY 16, 2019
Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.
PYMNTS
JANUARY 18, 2022
18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes a ban on advertising their “services in public areas in Singapore or through any other media directed at the general public in Singapore.”.
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TheGuardian
SEPTEMBER 22, 2021
UK Finance said fraudsters had capitalised on the coronavirus pandemic, with criminals targeting children as young as 14 via social media to become money mules.
PYMNTS
OCTOBER 13, 2020
Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S. Cryptos also help bad actors avoid sanctions.
PYMNTS
JULY 13, 2020
Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.
PYMNTS
JANUARY 1, 2021
As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. In the nascent and burgeoning cryptocurrency space, the U.S. The communications can now include email and text messages (in unlimited quantity and even across social media direct messages), according to the CFPB.
CFPB Monitor
JULY 19, 2022
On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .
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