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CLARITY Act includes new AML rules for crypto platforms

in5points
  1. The CLARITY Act brings crypto exchanges, DeFi platforms, and crypto ATMs under existing AML and sanctions regulations.

  2. Senator Cynthia Lummis is the sponsor of the bill.

  3. The provision extends anti-money laundering requirements to crypto entities.

  4. The bill aims to close regulatory gaps in the crypto sector.

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Rajeev Chandrasekhar

Asianet News Network

Rajeev Chandrasekhar / Jupiter Capital interests historically

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