According to Deep Tide TechFlow, on June 9, despite the Ethiopian government's ban on virtual currency transactions, officials from the Financial Intelligence Bureau stated that they are preparing to regulate cryptocurrencies. The head of the Financial Intelligence Bureau, Muluken Amare, announced at the ESAAMLG conference in Addis Ababa that the bureau is working with the United Nations, Russia, and member states to provide training for financial security experts on monitoring and handling illegal virtual currency transactions. Amare stated that although Ethiopia only allows the use of the Ethiopian birr, they are preparing for potential unauthorized transactions. UN official Kamal Anwar pointed out that virtual assets are used for financing terrorism, tax evasion, and money laundering.