U.S. to Crack Down on Cryptocurrency Crimes to Combat Corruption

President Joe Biden says his administration is focused on policing cryptocurrency crimes to combat corruption globally and is taking advantage of a newly formed Department of Justice task force, according to an anti-graft report released Monday.

The White House is particularly focused on crimes committed by virtual currency exchanges, mixing and tumbling services -- platforms that obscure owners and recipients in Bitcoin transactions -- and bad actors who facilitate money laundering, according to the report from U.S. Strategy on Countering Corruption, which includes the State Department, Treasury and Justice Department.

The Department of Justice task force, the National Cryptocurrency Enforcement ...