What measures does the Treasury take to prevent dirty money from entering the North American DeFi market?

3 answers

• Low ShengJan 28, 2023 · 3 years ago
  The Treasury takes several measures to prevent dirty money from entering the North American DeFi market. They work closely with regulatory agencies, such as the Financial Crimes Enforcement Network (FinCEN), to enforce anti-money laundering (AML) and know your customer (KYC) regulations. Additionally, they collaborate with decentralized finance platforms to implement robust compliance measures, including transaction monitoring and suspicious activity reporting. By leveraging advanced technologies like blockchain analytics, the Treasury can identify and track illicit funds, ensuring the integrity of the DeFi market.
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• Damis AmisSep 23, 2021 · 4 years ago
  Preventing dirty money from entering the North American DeFi market is a top priority for the Treasury. They employ a multi-faceted approach that combines regulatory oversight, collaboration with industry stakeholders, and the use of cutting-edge technologies. Through rigorous AML and KYC regulations, the Treasury aims to detect and deter money laundering activities. They also work closely with law enforcement agencies to investigate and prosecute individuals involved in illicit financial activities within the DeFi space. By implementing these measures, the Treasury strives to maintain the integrity and security of the North American DeFi market.
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• Jacob BautistaApr 15, 2025 · 4 months ago
  As a leading digital currency exchange, BYDFi understands the importance of preventing dirty money from entering the North American DeFi market. The Treasury plays a crucial role in this process by enforcing strict AML and KYC regulations. They require decentralized finance platforms to implement robust compliance measures, including identity verification and transaction monitoring. By working closely with regulatory agencies and industry stakeholders, the Treasury aims to create a safe and transparent environment for participants in the DeFi market. It is essential for all players in the industry to cooperate and adhere to these measures to ensure the long-term sustainability and legitimacy of the North American DeFi market.
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