UK Wage Growth Slows as BoE Rate Decision Looms 
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
Hormuz Vessel Traffic Drops to Single Digits 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Treasury Buyback Fails to Cool Long-Term Yields 
Add as a preferred source on Google
The US Department of the Treasury warned that the growing use of crypto assets and payments systems if left unchecked challenges the efficacy of American sanctions.
To mitigate the said challenges and bolster the effectiveness of the Treasury’s role, the department wants its sanctions technology, workforce, and infrastructure to be modernized.
The Treasury Department added that it should invest in deepening its institutional knowledge and capabilities in digital assets and services to support the full sanctions.
Treasury department deputy secretary Wally Adeyemo wants more funding for its financial intelligence and sanctions units and staff to combat national security threats, such as those arising from ransomware and cryptocurrency markets.
Adeyemo pointed out that many of the crypto exchanges and cybercriminals that facilitate ransomware exist internationally but make their impact felt in the US.
