This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. Specifically, the bill:
establishes the Independent Financial Technology Task Force, which must report annually on such matters;
establishes the FinTech Leadership in Innovation Fund to support the development of tools and programs to detect such activity; and
directs the Department of the Treasury to provide a reward for a person who provides information regarding terrorist use of digital currencies.
Actions
Jan 10, 2018
Referred to the House Committee on Financial Services.