Tag: 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...

State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy

Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.

FinCEN Further Extends Comment Period for Controversial Crypto Rules

Jan 26 2021 Published at CoinDesk under tags  fincen news policy & regulation

The Financial Crimes Enforcement Network (FinCEN) is further extending a comment period for a controversial proposed rule that would require crypto exchanges to gather and store counterparty information for transactions to unhosted wallets. FinCEN announced the move Tuesday, saying all comments are due 60 days after the change is submitted to the Federal Register, the […]

Jan 22 2021

Is Tether a Fraud? Its Bank Says It’s Not

Gregory Pepin, deputy CEO of Deltec Bank and Trust, responds to allegations in a blog post by the pseudonymous Crypto Anonymous, that Tether is a "highly probably fraud." In this episode, he covers: how Deltec accounts for its reserves, and why they didn't show up on Crypto Anonymous's blog post...

Jan 21 2021

President Biden Freezes FinCEN’s Controversial Crypto Wallet Proposal

Jan 21 2021 Published at Crypto Briefing under tags  education fincen joe biden

President Joe Biden has frozen all new or pending rules introduced during the Trump administration. This includes the FinCEN's controversial crypto wallet proposal. Biden Hits Pause The 46th President of the United States, Joe Biden, has...

Jan 19 2021

State of Crypto: What the Crypto World Should Watch for in the Biden Era

The incoming president has already announced he would tap pro-crypto, pro- regulation Gary Gensler to lead the SEC, but a number of other names and issues remain outstanding.

Jan 14 2021

DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’

“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets," wrote Judge Zia Faruqui in an opinion on a forfeiture case.

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