Department of Justice says: “For cryptomorphs to realize their truly transformative potential, it is essential that these legal risks are addressed”.
William Barr, the U.S. attorney general, has published official guidelines for keeping cryptomorph markets under control.
The U.S. Attorney General’s Digital Cyber Task Force has assembled the guidelines, officially calling them: Cryptomoeda: an enforcement structure, according to a statement by the US Department of Justice (DoJ) on October 8.
The statement explains:
“The Framework provides a comprehensive overview of emerging threats and enforcement challenges associated with the growing prevalence and use of cryptomoreds; details the important relationships that the Justice Department has built with regulatory and enforcement partners both within the US government and around the world; and describes the Department’s response strategies. “
The new guidelines come after the DoJ and the US Commodity Futures Trading Commission (CFTC) commanded a series of actions against the Bitcoin Fast Profit scam crypto derivatives exchange, citing several illegal activities.
“Cryptomeda is a technology that can fundamentally transform the way humans interact and how we organize society,” Barr says in the statement. “Ensuring that the use of this technology is safe and does not endanger our public or national security is of vital importance to America and its allies.
The statement also includes comments from other authorities, noting the technology’s potential for innovation, as well as its use in harmful business.