By focusing on digital platforms, Choi said her department is also sending a 'deterrent message' to businesses that skirt sanctions. sanctions cryptoregulation
Report: Biden Administration 'Crypto Tsar' Says DOJ will Target Digital Asset Exchange Platforms
Besides enabling criminals to profit from their deeds, Choi said the DOJ hopes that the action taken against digital platforms will have a wider impact. ChoiBut on top of that, they’re allowing for all the other criminal actors to easily profit from their crimes and cash out in ways that are obviously problematic to us. And so we hope that by focusing on those types of platforms, we’re going to have a multiplier effect.
However, despite crypto exchanges’ threats to pull out of the country, Choi suggested the crackdown is necessary in order to stop criminal elements from using crypto to achieve their objective.
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