US Treasury Sanctions Myanmar's Karen National Army Over Crypto Fraud

US Treasury Sanctions: The U.S. Department of the Treasury has sanctioned the Karen National Army (KNA) for their involvement in cyber scams, particularly crypto-related fraud targeting U.S. citizens, leading to asset freezes and prohibitions on dealings with KNA.

Impact on Cryptocurrency: These sanctions are expected to affect cryptocurrency transactions associated with the KNA, as U.S. entities must cease financial relations with them, reflecting ongoing efforts to combat fraudulent crypto activities and enhance regulatory oversight.