After scheduling Facebook hearings, in response to Libra's request for a moratorium , the US Financial Services Committee held a meeting with FinCEN , the country's financial crime network, to discuss cryptocurrencies for the purposes of money laundering, illegal financing and other illegal activities.
The Libra would increase the risks of financial crime
According to a press release issued by the representative Emanuel Cleaver II , as crypto-currencies evolve and new markets are formed, there is a veritable proliferation of illegal activities that undermine this sector.
The suspicion is rather justified, since Facebook has not been able to erect a solid barrier against this growing plague.
The origin of the interrogations would go back to the influence considered undesirable of the social network during the electoral campaign of 2016. Added to this is the introduction of crypto-currencies among the Russians in the same political context.
Advanced technology to strengthen
Mr. Cleaver, Chairman of the Subcommittee on National Security, does not hide his dismay at this intriguing situation.
"We have seen the tremendous damage done by foreign opponents and bad actors to our democracy via the Facebook platform, particularly through messaging and advertising," he says.Indeed, Kenneth Blanco , director of FinCEN, incorporated in the regulations on the crypto-currencies fruit research on artificial intelligence and machine learning.
It is now more than necessary to lead the players in the world of finance.
Cryptocurrency activities should therefore be carried out through the manipulation of advanced technology so that a healthy financial environment can be maintained.
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