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"The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said.

FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary.

One of Cambodia’s wealthiest businessmen has been hit with U.S. sanctions for allegedly playing a role in serious human rights abuses – including human trafficking and torture – tied to a pig butchering scam operation headquartered in the Southeast

The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing.

The U.S. and other governments are adding a number of Hamas-affiliated financiers to a global financial blacklist, the Treasury Department's sanctions watchdog announced Monday.

The ability to raise debt or equity in the world's deepest capital markets is a major advantage, the report said.

The network hashrate has risen 4% so far this month, while the hashprice is up less than 1%, the report said.

Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said.

The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority.

The regime will enable DAO's to have tax optimization and legal clarity, Dr. Sameer Al Ansari, CEO of RAK DAO said in the statement.