How US Is Leading On Cryptocurrency Scrutiny

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By Syed Rahman (December 17, 2021, 6:04 PM EST) — It seems to have taken a while, but the world of cryptocurrency is now attracting increasing attention from the powers that be.

For a financial sector whose lack of regulation has frequently led to it being regarded as the Wild West, it is perhaps fitting that it is the U.S. that is looking to play the role of sheriff coming into town to clear things up.

Following the first-of-its-kind imposition of economic sanctions on virtual currency exchange SUEX on Sept. 21, the U.S. Department of the Treasury’s Office of Foreign Assets Control published its guidance in October to ensure that those who…

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