Tag: fincen

Dec 14 2022

Sen. Elizabeth Warren Introduces Sweeping Anti-Privacy, Anti-Freedom Bitcoin Bill

U.S. Senators have introduced a bill that would have a direct impact on the categorization and regulation of bitcoin miners, wallets and nodes.Senators Elizabeth Warren (D-Mass) and Senator Roger Marshall (R-Kan) have introduced the “Digital Asset Anti-Money Laundering Act Of 2022,” a bill which would have sweeping impacts on the...

Oct 21 2022

Helix Crypto Mixer Founder Faces U.S. DOJ Lawsuit To Recover $60 Million Civil Fine

The crypto space is not just extremely full of surprises. It is also fraught with pitfalls and is hard to navigate and understand most of the time. Even when some entities think they're not doing anything against the law, they sometimes end up doing so. One wrong move and they end up being getting sued and asked to cough up millions to compensate...

Oct 13 2022

OFAC And FinCEN Charged Bittrex Exchange For Over $53 Million

Oct 13 2022 Published at Bitcoinist.com under tags  bittrex btcusd fincen legislation ofac

Treasury’s Foreign Asset Control (OFAC) and Financial Crime Enforcement Network (FinCEN) have set charges against the Bittrex crypto exchange for violating anti-money laundering rules and the other U.S. sanction programs. Washington-based crypto exchange agreed to pay two fines of $29 million and $24 million to OFAC and FinCEN, respectively. Cryptocurrency growing issues like money laundering and other crime-related funds transfers have become the...

Jul 05 2022

Huobi eyes US expansion with new FinCEN license

Jul 05 2022 Published at CryptoSlate under tags  exchanges fincen huobi

Huobi said July 5 that its subsidiary HBIT received a license from the U.S. Financial Crimes Enforcement Bureau's (FinCEN) Money Services Business Registration (MSB) to operate in the country. The license provides a good foundation for the exchange's digital currency-related businesses in the U.S., according to the press...

Breaking: Huobi To Grow U.S. Presence With Huge Breakthrough, Here’s Why

Jul 05 2022 Published at Coingape under tags  fincen huobi news

Hong Kong-based crypto exchange Huobi on Tuesday said its subsidiary HBIT Inc. has received the U.S. Financial Crimes Enforcement Bureau's (FinCEN) Money Services Business Registration (MSB) license. The company will establish digital currency-related business in the U.S. as part of the strategic goals of globalization and compliance. Huobi Receives the FinCEN's MSB License Wu Blockchain The post Breaking: Huobi To Grow U.S. Presence...

Mar 22 2022

FinCEN Warns Russia Not To Use Cryptocurrency To Evade Sanctions

Mar 22 2022 Published at Bitcoinist.com under tags  crypto news fincen joe biden ofac swift

The FinCEN, an agency of the US treasury department, has informed all financial institutions that Russia may likely consider using cryptocurrency to evade sanctions associated with its military activities in Ukraine. The current director of FinCEN, Him Das, explained that proactive reporting of wary actions is part of the United States’ efforts to support Ukraine in the ongoing war. On Monday, the FinCEN...

Oct 16 2021

Sep 28 2021

Just In: CFTC Commissioner Dan Berkovitz Named the New SEC General Counsel

Sep 28 2021 Published at Coingape under tags  bitmex blockchain news cftc fincen gary gensler

Dan Berkovitz, one of the commissioners serving with the United States Commodity Futures Trading Commission (CFTC) has been named as the incoming General Counsel for the Securities and Exchange Commission (SEC). According to the latest press release published by the SEC, Berkovitz’s term will commence on November 1, and he will succeed John Coates in The post Just In: CFTC Commissioner Dan Berkovitz...

Aug 24 2021

BitGo on Why the Travel Rule Should Not Apply to Digital Assets

BitGo CEO Mike Belshe and COO Jeff Horowitz talk about one of the hottest topics facing the crypto industry today: regulation. They discuss… what BitGo does why Jeff left his successful TradFi career to go crypto...

Aug 10 2021

Breaking: BitMEX Inked a Multi-Million Dollar Settlement With CFTC

Aug 10 2021 Published at Coingape under tags  bitmex cftc fincen news regulation news

Seychelles based cryptocurrency exchange and derivatives trading platform, BitMEX has inked a settlement with the United States Commodity Futures Trading Commission (CFTC) as announced by the firm on Tuesday. The settlement also covers charges levied against the firm by the Financial Crimes Enforcement Network. The deal comes off as a standalone settlement that absolves only The post Breaking: BitMEX Inked a Multi-Million Dollar...

Jul 06 2021

FinCEN Brings Michele Korver As First “Chief Digital Currency Advisor”

Jul 06 2021 Published at Bitcoin Magazine under tags  business fincen regulation

The U.S. FinCEN has hired Michele Korver, previously in the DOJ Digital Currency Council, as the first-ever Chief Digital Currency Advisor.The U.S. Financial Crimes Enforcement Network (FinCEN) announced today that Michele Korver, previously in the U.S. Department of Justice’s...

Jul 01 2021

24 Million Bank Customers Will Soon Be Able to Buy Bitcoin

Jul 01 2021 Published at Unchained Podcast under tags  bitcoin coinbase crypto ethereum fincen

July 1, 2021 / Unchained Daily / Laura Shin Daily Bits...

Apr 05 2021

Former Chainalysis CTO Selected To Lead FinCEN, Signaling New Bitcoin Regulations

Apr 05 2021 Published at Bitcoin Magazine under tags  business chainalysis fincen

In selecting a former blockchain analysis executive to lead the agency, FinCEN has signaled that it wants to increase Bitcoin regulations.Michael Mosier, who led blockchain analysis firm Chainalysis as its chief technology officer from June 2019 to February 2020, has been selected as the incoming acting...

Apr 04 2021

FinCEN Appoints Former Chainalysis CTO as Acting Director

Apr 04 2021 Published at Crypto Briefing under tags  business chainalysis fincen

FinCEN has hired the former CTO of Chainalysis to be its acting director. The move indicates that the agency is adding more talent to focus on the burgeoning crypto sector. Chainalysis Chief Joins FinCEN The U.S. government's Financial Crimes Enforcement Network (...

Apr 02 2021

Why Proposed FATF Rules Could Be a Shock for DeFi

Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action Task Force) means for DeFi, NFTs, and crypto in general. In this show, he breaks down: the six main areas the draft guidance covers, including the expansion of KYC regulatory standards into DeFi (1:07)...

Mar 27 2021

Why the FATF Travel Rule Shows the FinCEN Crypto Wallet Rule Can Work

The FATF has proved that mutually-acceptable solutions to AML and terrorism financing can be found

Feb 01 2021

FinCEN’s Wallet Rule Aims to Close Crypto-Cash Reporting Gap, Official Says

FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.

Jan 26 2021

FinCEN Grants Another 60-Day Extension for Controversial Crypto Bill

Jan 26 2021 Published at Crypto Briefing under tags  fincen joe biden markets wallets

Biden's administration has granted another 60-day extension for deliberation on the proposed FinCEN crypto bill to require mandatory KYC for self-hosted wallets. 🚨 Yet another FinCEN...

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