DOJ Amps Up Its Crypto Scrutiny

The video discusses Onion Toy's role in the Department of Justice, focusing on crypto regulation and enforcement. It highlights the growing threat of crypto cyber crime, with illicit activities increasing alongside legitimate transactions. The video also examines the challenges of regulating crypto internationally, given its borderless nature and the involvement of unregistered exchanges.

What is the primary role of Onion Toy in the Department of Justice?

• To oversee traditional banking regulations

• To manage financial audits

• To coordinate crypto-related efforts across agencies

• To develop new cryptocurrency technologies

What was the estimated value of illicit cryptocurrency transactions last year?

• $20 billion

• $5 billion

• $1 billion

• $14 billion

In which area did most illicit crypto activities occur according to the report?

• Centralized exchanges

• Decentralized finance (DeFi)

• Traditional banking

• Retail transactions

What percentage of total crypto transactions were illicit last year?

• 0.15%

• 1%

• 10%

• 5%

What is a major challenge in regulating cryptocurrency globally?

• Lack of interest from governments

• The borderless nature of digital currencies

• High transaction fees

• Limited technological infrastructure