China Usa Russia Provident Citizens Payments regulation Beyond China Usa Russia

Hearing: Alternative payments’ threat to national security goes far beyond crypto

Reading now: 257
cointelegraph.com

Non-crypto alternative payment systems pose a serious threat to United States security, according to testimony presented at a U.S.

House Financial Services Committee Subcommittee on National Security, International Development, and Monetary Policy hearing Tuesday.

The alternative payments ecosystem should be seen as a whole, and crypto can enhance national security, speakers said. Wilson Center fellow Scott Dueweke told the U.S.

House Financial Services subcommittee in written testimony, “By focusing only on cryptocurrencies we risk missing the forest for the trees.”Money services businesses are heavily regulated in the United States, but those based outside the country may be unwilling to conform to U.S.

Read more on cointelegraph.com
The website financemag.cash is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA