(Washington) The U.S. Treasury No. 2 on Tuesday stressed the importance of the United States working with its allies to combat cyber-attacks, the day after the release of an executive statement showing that cryptocurrencies are weakening sanctions.
Assistant Treasury Secretary Wally Adeyemo called the fight against cyber-attacks “essential” not only in the United States, but “as part of a global effort, many of these cybercriminals live outside the United States”.
“Our ultimate goal (recovery) is to ensure that payments do not fall into the hands of criminal actors,” particularly “persons authorized by the United States”, an earlier inquiry by a Senate banking committee.
“The most important thing that businesses, our government and individuals can do is focus on improving their cyber security,” he added.
The Treasury released a statement on Monday reviewing sanctions imposed by Washington on the need to modernize the system, saying its performance was particularly weakened by the growth of cryptocurrencies.
Wally Adomo stressed that it is “true” that China is “trying to find ways to bypass our financial system in order to avoid sanctions.”
“By taking action in solidarity with other countries, we are in the best position to ensure that the dollar-based financial system is maintained globally. Standards,” he explained.
He also noted the subtleties associated with sanctions targeting the Taliban in Afghanistan: “We believe it is necessary to maintain our sanctions against the Taliban, but, at the same time, find ways to legally provide humanitarian assistance to the Afghan people.”
Restrictions imposed by the Treasury are intended to prevent foreign individuals or entities, for example, from threatening the security of the United States or preventing human rights in their country from accessing the U.S. banking and financial system.
The United States has stepped up sanctions since the September 11, 2001 attacks. According to the Treasury, the number of sanctions has increased 10-fold in 20 years, from 912 in 2000 to 9,421 in 2021.
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