Cryptocurrency is increasingly becoming a safe haven for “malign actors” such as terror groups. That’s according to testimony Tuesday (April 9) by U.S. Treasury Deputy Secretary Wally Adeyemo, who spoke before the Senate Banking Committee. “Our problem is that actors are increasingly finding ways to hide their identities and move resources using virtual currency,” Adeyemo
Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by the U.S. and Great Britain to crack down on sanctions evasions amid Russia’s war in Ukraine, Bloomberg News reported Thursday (March 28), citing sources familiar with the matter. According to
By Andrea Shalal WASHINGTON, March 23 (Reuters) – A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday. Yellen said the funding would make the
JamesBrey, Contributor / Getty Images In 2022, the Inflation Reduction Act authorized the U.S. Agriculture Department’s Farm Service Agency to assist certain distressed borrowers who had fallen behind on repaying their federally guaranteed farm loans. Asjid Parvez, 37, was one such borrower, having defaulted on a loan that he had used to purchase a Maryland chicken