Manhattan District Attorney Alvin Bragg calls on New York State legislation to classify unlicensed crypto businesses as criminal offenses to prevent widespread use of crypto assets for money laundering and organized crime, including requiring crypto businesses to be licensed and implement KYC. He also specifically mentions unlicensed crypto ATMs and other channels, stating they may facilitate "anonymous exchange of criminal funds." Bragg also mentions supporting legislative proposals to enhance the recovery of stolen crypto assets, calling for mandatory licensing and KYC requirements for all cryptocurrency companies, accompanied by criminal penalties. (Decrypt)