Tag: us treasury department

Feb 08 2022

Are NFTs Being Used for Money Laundering?

Over the last couple of months, NFTs have become famous. Therefore, the US Treasury has raised concerns over the possibility of NFTs being used for illegal activities such as money laundering. In a recent study, the US Treasury Department believes high-value art, or NFTs, could be used to fund terrorist activities. In this article, you'll discover more...

Dec 08 2021

Oct 19 2021

Breaking: US Treasury Department Says Digital Assets Undermine Sanctions

Oct 19 2021 Published at Coingape under tags  biden adm blockchain news btcbrl btcbusd btcdai

Cryptocurrencies and digital assets have made great headway this year as institutional giants and countries like El Salvador have adopted Bitcoin and crypto assets in their financial ecosystem. However, this has become increasingly a cause of worry for the Biden administration. The US Treasury Department released a Sanctions review report claiming that digital assets undermine The post Breaking: US Treasury Department Says Digital...

Dec 31 2020

FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+

The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000.

Dec 18 2020

FinCEN Proposes KYC Rules for Crypto Wallets

U.S. crypto users hoping to transfer their holdings from an exchange to their own self-hosted wallets may need to comply with new know-your-customer requirements as the Treasury Department proposed a new rule on Friday.

US Treasury Bulking Up Crypto Policy Advisers as Wallet Reg Rumors Swirl

FinCEN has posted a pair of job listings for crypto policy advisors amid rumors that new regulations around wallets will arrive soon.

Dec 04 2020

US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

The department wants state and federal regulators to keep a vigilant watch on digital asset innovation.

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