FinCEN

Posted by | January 3, 2024
New Crypto Tax Law That’s ‘Impossible To Comply With’ Now in Effect, Says Coin Center – Here’s What It Is

A prominent crypto advocacy group says that new crypto tax regulations have come into effect that are impossible to comply with. In a new press release, Coin Center says that...

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Posted by | December 21, 2023
US Banking Industry’s Lobby Group Helped Write Elizabeth Warren’s Anti-Crypto Bill, According to Senator

A prominent banking trade association is helping author Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. In a new announcement, Republican Senator Roger Marshall of Kansas, who co-sponsors the bill...

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Posted by | November 21, 2023
Binance’s Busy Day, Kraken’s Second SEC Fight

Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role...

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swan-bitcoin-to-terminate-customer-accounts-that-use-crypto-mixing-services
Posted by | November 14, 2023
Swan Bitcoin to terminate customer accounts that use crypto-mixing services

Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations. 3684 Total views 15...

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Posted by | November 10, 2023
Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

Nonprofit ethics group Campaign for Accountability (CfA) sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown on Nov. 9 to present them with information on the alleged use...

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$144,000,000-worth-of-bitcoin-linked-to-defunct-darknet-marketplace-suddenly-moves-to-crypto-mixer:-on-chain-data
Posted by | October 25, 2023
$144,000,000 Worth of Bitcoin Linked to Defunct Darknet Marketplace Suddenly Moves to Crypto Mixer: On-Chain Data

On-chain data reveals that hundreds of millions of dollars worth of Bitcoin (BTC) linked to a discontinued dark web marketplace has abruptly been moved to a crypto mixer. According to...

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Posted by | October 23, 2023
Regulators around the globe assert more control over crypto: Law Decoded

In the last week, several major financial regulators, both national and international, simultaneously produced new guidelines for decentralized assets. The European Banking Authority and the European Securities and Markets Authority...

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fincen-introduces-new-rulemaking-proposal-to-surveil-crypto-mixing-services,-citing-patriot-act
Posted by | October 23, 2023
FinCEN Introduces New Rulemaking Proposal To Surveil Crypto Mixing Services, Citing Patriot Act

The Financial Crimes Enforcement Network (FinCEN) has released a new proposal for the US government to begin monitoring crypto mixers. FinCEN cites Section 311 of the USA PATRIOT Act to...

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fincen-issues-alert-regarding-crypto-transactions-connected-to-hamas
Posted by | October 20, 2023
FinCEN issues alert regarding crypto transactions connected to Hamas

The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups. 305 Total views 4 Total shares The United...

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senator-warren-leads-new-crypto-crackdown,-says-‘rogue-nations’-using-crypto-for-terrorism-and-sanctions-evasion
Posted by | December 14, 2022
Senator Warren Leads New Crypto Crackdown, Says ‘Rogue Nations’ Using Crypto for Terrorism and Sanctions Evasion

Senator Elizabeth Warren is leading a new regulatory campaign for crypto as she says entities are using the technology to fund illicit activities, including terrorism. The Massachusetts Democrat recently unveiled...

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