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Montreal artist transforms historic Windsor, N.S. building via mural project | SaltWire -The U.S. Treasury Department’s Financial Crimes Enforcement Network on Thursday proposed increasing transparency around cryptocurrency"mixers" to combat the use of the tool by groups like the Palestinian militant group Hamas.
If finalized, the rule would require financial firms to report information about transactions that they suspect involve crypto mixers, which are anonymized software tools that allow users to conceal the source or owner of digital assets.FinCEN's proposal underscores increasing concern among U.S. officials about the role of crypto in financing those deemed as"terrorist groups" by the U.S.
* Hamas uses a global financing network to funnel support from charities and friendly nations, including by using cryptocurrencies, Reuters reported on Monday. * On Wednesday, the Biden administration issued sanctions to disrupt Hamas' funding, which included a Gaza-based crypto exchange. U.S lawmakers also urged the White House to swiftly crack down on the use of cryptocurrencies to evade sanctions and fund the operations of groups like Hamas and Hezbollah.
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