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3232US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
https://www.digit.info/us-treasury-report-warns-of-defis-threat-to-national-security-authors-conclude-fiat-is-used-in-illicit-finance-more-than-crypto/
Thu, 06 Apr 2023 19:30:01 +0000https://www.digit.info/2023/04/06/us-treasury-report-warns-of-defis-threat-to-national-security-authors-conclude-fiat-is-used-in-illicit-finance-more-than-crypto/Read more]]>The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. […]
]]>Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn
https://www.digit.info/digital-ruble-poses-risks-to-financial-sector-and-security-russian-lawmakers-warn/
Sat, 20 Nov 2021 12:30:04 +0000https://www.digit.info/2021/11/20/digital-ruble-poses-risks-to-financial-sector-and-security-russian-lawmakers-warn/Read more]]>Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital Ruble Project Russia’s digital fiat, currently under development, brings certain risks […]