US Senator Elizabeth Warren has just announced she is working on a bill aimed at preventing digital currencies from being used to circumvent economic sanctions.
It should be noted that this politician is in favor of strict regulation of cryptocurrencies in the US.
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She has repeatedly demanded Congress and the Government to legalize the blockchain sector in the strictest terms in order for the state to be able to control all operations that are carried out with digital currencies.
Warren tweeted midweek her bill aims to prevent states under sanctions from circumventing restrictions with virtual currencies. Notably, the document refers mainly to Russia, a country against which the European Union and the United States have imposed new sanctions.
According to NBC, the bill establishes a mechanism to identify participants in crypto transactions.