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...
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...
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 (...
Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action Task Force) means for DeFi, NFTs, and crypto in general. In this show, he breaks down: the six main areas the draft guidance covers, including the expansion of KYC regulatory standards into DeFi (1:07)...
The FATF has proved that mutually-acceptable solutions to AML and terrorism financing can be found
FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.
Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.
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 […]
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...
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...
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.
“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.
Proposals requiring crypto companies to report transactions amount to "mass surveillance" and flout the Fourth Amendment.
Crypto companies complain about FinCEN's new "unhosted wallets" proposal. But the rules aren't unreasonable, says our columnist.
FinCEN's beta regulatory proposal for mandatory KYC of self-hosted crypto wallets and nodes received over 65,000 comments, demanding the agency reconsider the "devastating" proposal....
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