Tag: treasury department

Feb 18 2021

BitPay to Pay $500K to Settle OFAC Sanction Violation Charges

Feb 18 2021 Published at CoinDesk under tags  bitpay news ofac policy & regulation sanctions

BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations.

Jan 25 2021

Senate Confirms Janet Yellen as US Treasury Secretary

Jan 25 2021 Published at CoinDesk under tags  cftc janet yellen news occ policy & regulation

Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.

Jan 21 2021

Janet Yellen Offers US Senate a More Nuanced Take on Crypto

“I think we need to look closely at how to encourage their use for legitimate activities while curtailing their use for malign and illegal activities,” Janet Yellen wrote.

Jan 19 2021

Janet Yellen Says Cryptocurrencies Are a ‘Concern’ in Terrorist Financing

The U.S. should examine how it can curtail the use of crypto for illicit financing, the former Fed Chair said.

Dec 10 2020

US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs

Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday which warned such rules might "crush a nascent industry."

Nov 26 2020

Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Coinbase CEO Brian Armstrong publicly voiced concern that the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.

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