No Result
View All Result
Advertise
Submit a Press Release
Contact Us
Coindoo
  • Cryptocurrency News
    • All
    • Bitcoin News
    • Cardano News
    • Ethereum News
    • IOTA News
    • Litecoin News
    • Ripple News
    • TRON News
    PrimeXBT

    PrimeXBT Lead Analyst Kim Chua: The Cause of BTC Supply Crisis and Why It Will Get Worse

    XRP price prediction

    Ripple (XRP) Price Prediction and Analysis in January 2021

    PayPal

    PayPal Plans to Perform Crypto Transactions | Will It Get Bitcoin to $15.000?

    Sports News Apps

    The Best Classic Sports News Apps to Keep You Up-To-Date

    wire act

    What the Wire Act Means for Cryptocurrency

    cryptocurrency apps

    Cryptocurrency Apps Every Trader Should Have in 2020

    Trending Tags

    • ethereum
    • ripple
    • Tron
    • bitcoin
  • Analyzes & Reviews
  • Guides & Tutorials
    Ethereum

    How to Invest in Ethereum (ETH) Futures – Ultimate Guide for Beginners

    Bitcoin casinos

    Most Common Coins Used to Play at Bitcoin Casinos

    crypto casinos

    Was 2020 the Year of Crypto Casinos?

    crypto signals

    How to Use Crypto Signals to Earn Money?

  • Events
No Result
View All Result
Coindoo
No Result
View All Result
Home Cryptocurrency News

US Lawmakers Proposed to Inspect Cryptocurrency Within Sex Trafficking

Adriana M. by Adriana M.
June 13, 2018
in Cryptocurrency News

A new proposal was tabled by the US House of Representatives Financial Services Committee. The bill aims to investigate how crypto assets are used within “sex trafficking“.

The bill, which was introduced on 10th June, aims to verify how “virtual currency and online marketplaces are used to buy, sell, or facilitate the financing of goods or services associated with sex trafficking.” Additionally, the investigation will inspect the usage of cryptocurrency in illegal operations, such as drug traffic.

“Detect and Fight illicit Trafficking Networks“

The representative who created “Detect and Fight illicit Trafficking Networks” or the “FIND Trafficking Act” is Juan Vargas. His proposal aims to simplify “the efforts of federal agencies to prevent the use of virtual currency and online marketplaces in facilitating sex and drug trafficking.”

According to the bill, within one year from the adoption of the law, the Comptroller General will be legally obliged to provide official information collected after the investigation to the Committee on Banking, Housing, Urban Affairs and the Committee on Financial Services, indicating the conclusions and recommendations.

Virtual currencies help terrorists …

Members of Congress have expressed their disapproval regarding the usage of crypto assets in the past, stating that virtual currencies “help terrorists and criminals move money around the world … They help startup companies commit fraud, take the money, and one percent of the time they actually create a useful business“.

Another representative, Emanuel Cleaver, explained that Bitcoin could be used to “to facilitate radical campaigns of abuse, harassment and/or violence against Americans,” while Roger Williams explained that cryptocurrencies do not meet the criteria imposed by AML/KYC standards.

However, cryptocurrencies continue to be appreciated and promoted by some officials. Tom Emmer claimed that the US should be more receptive to such opportunities offered by advanced technology, encouraging authorities to create permissive regulation.

Tags: AMLbitcoinbtccryptocurrencykycsex trafficking
Adriana M.

Adriana M.

Related Posts

NativeCoin

Move Over BitCoin… There’s a New Chief in Town- NativeCoin!

by Ionela C.
January 19, 2021
0

ExMarkets and CoinMargin exchanges launch NativeCoin (N8V) Cryptocurrency Initial Exchange Offering! John Simmons, former chairman of the Nisqually Tribe (which...

PrimeXBT

PrimeXBT Lead Analyst Kim Chua: The Cause of BTC Supply Crisis and Why It Will Get Worse

by Ionela C.
January 18, 2021
0

The year 2020 saw a major shift in the composition of BTC buyers, with institutions and large corporates with plenty...

Bitcoin casinos

Most Common Coins Used to Play at Bitcoin Casinos

by Ionela C.
January 11, 2021
0

Over the past decade, we have seen a dramatic increase in the number of Bitcoin casinos. There are several advantages...

online

The Best Cryptocurrencies You Can Play in Online Casinos

by Ionela C.
January 5, 2021
0

An increasing number of online casino players are turning to cryptocurrencies, such as Bitcoin and others, for online betting and...

coinbase review

Coinbase Exchange Review | Fees, Security, Pros and Cons

by Lavinia C.

Before selecting a cryptocurrency exchange, one of the best we can do is to check a Coinbase review. In this...

Load More

We Recommend

Top Rated Casinos
Bitstarz Casino

CryptoGames

1xBit Casino

Winz.io Casino

BitcoinCasino.io
Top Crypto Prices Provider
Crypto.com
Top Rated Exchanges
Crypto.com

Binance Exchange
Top DEFI Leaderboard
Crypto.com
Top Advertising Services
Coinzilla Display Network
Our Latest Reviews
coinbase review

Coinbase Exchange Review

Even if it has its flaws and controversies, Coinbase is a
Kraken exchange review

Kraken Exchange Review

The exchange is one of the most popular crypto trading platforms,
XRP.io wallet review

XRP.io Wallet

XRP.io provides a very easy to use and simple user experience.
View All Reviews

Editor's Choice

SwapSpace exchange aggregator
Blockchain Analyzes & Reviews

SwapSpace Exchange Aggregator Review: Supported Cryptos, Fees, Pros and Cons

by Lavinia C.

trading

The Benefits of Cross-Chain Trading

August 28, 2020
Stratus

Stratus Redefining Social Media

August 24, 2020
Counos

Counos Review: A Complete Crypto Ecosystem for Individuals and Businesses

July 13, 2020

5 Minutes of Blockchain & Cryptocurrency News!

We completely understand that your inbox is already full of junk emails. We promise that we gonna try to keep it clean by sending a daily newsletter with our latest news. You can always choose to unsubscribe to our newsletter if you're not satisfied.
coindoo icon
  • Contact Us
  • Advertise
  • RSS Feed
  • About Us
  • Partners
  • Terms & Conditions
  • Privacy Policy

© 2017-2020 Coindoo

The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

No Result
View All Result
  • Cryptocurrency News
  • Analyzes & Reviews
  • Guides & Tutorials
  • Events

© 2017-2019 Coindoo