Sept 17 (Reuters) – The Biden administration is getting ready to take actions, together with sanctions, to make it harder for hackers utilizing digital foreign money to revenue from ransomware assaults, the Wall Avenue Journal reported on Friday.
The U.S. Treasury division plans to impose sanctions as quickly as subsequent week, the report stated, citing folks acquainted with the matter.
The division may also subject a brand new steerage on the dangers related to facilitating such ransomware funds, WSJ reported, together with fines and different penalties.
New anti-money laundering guidelines and terror finance guidelines, that are anticipated to return later this 12 months, will purpose to restrict using cryptocurrency for funds in ransomware assaults and different illicit actions, the report added.
Reporting by Sohini Podder in Bengaluru; Modifying by Shinjini Ganguli
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