{"id":138051,"date":"2023-04-26T11:07:43","date_gmt":"2023-04-26T11:07:43","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=138051"},"modified":"2023-04-26T12:52:39","modified_gmt":"2023-04-26T12:52:39","slug":"cftc-official-calls-for-action-against-crypto-anonymity","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cftc-official-calls-for-action-against-crypto-anonymity\/","title":{"rendered":"CFTC Official Calls for Action Against Crypto Anonymity"},"content":{"rendered":"
Christy Goldsmith Romero, a commissioner at the US Commodity Futures Trading Commission (CFTC)<\/a>, has warned that anonymity in cryptocurrency transactions poses a national security threat. She spoke at the City Week conference in London on April 25th, highlighting that digital assets’ attractiveness lies in their anonymity,<\/a> making them an ideal choice for “illicit finance<\/em>“, particularly for “cybercrime<\/em>“<\/strong>.<\/p>\n Per a recent Reuters report<\/a>, she also noted that anonymity allowed criminals to avoid consequences<\/strong>, as they could conceal their tracks, with “hospitals, schools, and critical infrastructure<\/em>” often falling victim to these crimes.<\/p>\n According to Romero,<\/p>\n “Fraud is a hallmark of digital asset markets, the human toll of which may be overlooked,”<\/em> urging crypto companies and governments to take action against illicit financial activity and ensure that digital assets are not linked with fraud and criminal activity.<\/p>\n <\/p>\n During her speech, Romero called for addressing digital identity and anonymity in the industry,<\/strong> adding that Congress is already contemplating new laws on the issue. She also expressed concern over the use of crypto mixers like Tornado Cash, which anonymize transactions.<\/p>\nCFTC Commissioner Wants Crypto Anonymity Addressed<\/h2>\n