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Coinbase’s Concerns: Addressing Criminal Exploitation
In a recent session with the House Financial Services Committee, Grant Rabenn, Coinbase’s head of Financial Crimes Legal, highlighted the alarming trend of criminals exploiting foreign cryptocurrency platforms to circumvent stringent US anti-money laundering (AML) standards.
Holding Offshore Exchanges Accountable
Rabenn voiced strong criticism against offshore exchanges, attributing them to facilitating crypto-related criminal activities and advocating for robust enforcement of AML laws by the US government.
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