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183 Violations: US Government Fines Bitgo for Allowing Users to Bypass Sanctions With Cryptocurrency
1.1.2021
The U.S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.”...
FinCEN is now interested in offshore crypto holdings, proposes new regulation
1.1.2021
Eleventh hour note announces intention to propose a change in Foreign Bank and Financial Accounts regulations
South African Court Grants Order to Liquidate Mirror Trading International After Investors Fail to Withdraw Their BTC
1.1.2021
A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin. According to a statement released by lawyers of one of the aggrieved investors, this...
FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+
31.12.2020
The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000
Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer
31.12.2020
Experts in blockchain technology and crypto take on the question of Bitcoin’s path throughout the year 2020
Vaneck Files New Bitcoin ETF Proposal With SEC Under New Administration
31.12.2020
After successfully launched a bitcoin exchange-traded product in Europe, Vaneck has now filed a new proposal for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Under former chairman Jay Clayton, the SEC never approved a bitcoin ETF. However, Clayton...
Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says
31.12.2020
In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive
The US has already lost the 2020 crypto regulation race to Europe
31.12.2020
When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations
Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule
30.12.2020
Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets
Serbia Legalizes Digital Assets Trading and Issuance
30.12.2020
Serbia will now permit the issuance and trading of digital assets under a law that went into effect this week
Democracy Demands a Say in the Future of Money
30.12.2020
The U.S. Treasury’s decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one
BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations
30.12.2020
Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations” of multiple sanctions programs
CBDCs: An Idea Whose Time Has Come?
30.12.2020
Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?
Ripple to Meet With SEC in First Pretrial Conference on Feb. 22
30.12.2020
Ripple and the SEC will meet over video call, according to a court order from the US District Court of the Southern District of New York
New York Approves Its First Publicly Available Japanese Yen Stablecoin
29.12.2020
The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the public.” To date, the regulator has given out 27 charters and licenses...
What Are Stablecoins?
29.12.2020
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price
File comments against new crypto FinCEN rule, Coin Center leader urges
29.12.2020
The crypto space needs your help to impact the outcome of the United States’ Treasury’s crypto wallet proposal
Crypto.com to Delist, Suspend XRP in the US After SEC’s Ripple Suit
29.12.2020
The announcement came hours after Coinbase and OKCoin took similar actions
Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York
29.12.2020
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities
Crypto Players Plea for More Opposition to FinCEN Regulation Proposal
29.12.2020
Industry players are urging the crypto community to mount an assault on Washington in a bid to halt an under-fire proposal from the US Treasury Department and the Financial Crimes Enforcement Network (FinCEN). The proposal seeks to require crypto operators to abide by regulations used to police...