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Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge

6.12.2023
Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter. Bitzlato was sanctioned by the U.S government in January

Binance and CZ Settle With the DOJ and Other Federal Agencies

6.12.2023
On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency...

Binance's Busy Day, Kraken's Second SEC Fight

22.11.2023
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies. Meanwhile, Kraken is facing a lawsuit from...

Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

21.11.2023
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs...

Swan Bitcoin to terminate customer accounts that use crypto-mixing services

14.11.2023
Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations

Swan Bitcoin to Block Accounts Interacting with Coin Mixing Services

14.11.2023
Source: iStock Swan Bitcoin, a California-based Bitcoin services platform, announced recently that it would terminate accounts of users directly interacting with mixing services. In a statement released over the weekend, Bitcoin-only accumulation platform Swan issued a warning to users engaging...

Swan Bitcoin to Terminate Accounts Interacting With Bitcoin Mixing Services

14.11.2023
Swan Bitcoin, a bitcoin exchange platform, announced recently that it would terminate accounts of users directly interacting with mixing services. The company explained that this was due to the pressure from banking institutions after the Financial Crimes Enforcement Network (FinCEN) presented...

Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

11.11.2023
The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought

Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal

7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...

Regulators around the globe assert more control over crypto: Law Decoded

23.10.2023
From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets

FinCEN Proposes New Rules that Could Impact Bitcoin's CoinJoin Services Alongside Mixers

23.10.2023
The Financial Crimes Enforcement Network (FinCEN) has put forward a notice of proposed rulemaking that could have significant implications for the crypto mixers, including Bitcoin (BTC)'s CoinJoin. If these new rules are implemented, they would classify the mixing of convertible virtual...

FinCEN issues alert regarding crypto transactions connected to Hamas

20.10.2023
The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups

FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns

20.10.2023
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...

U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'

19.10.2023
The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from anonymous crypto funds, including possibly Hamas

Casascius Bitcoin Peels: $10M Cashed in 2023, Yet a $1 Billion Stash Remains Unclaimed

4.9.2023
While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical...