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Report: Estonian Prime Minister Calls for Restriction of Cryptocurrencies
10.3.2022
The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment...
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency
9.3.2022
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns...
FinCEN includes crypto in alert on Russia potentially evading sanctions
7.3.2022
"Prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people," said FinCEN acting director Him Das
Averted a year ago, controversial transaction monitoring rule is back on Treasury’s radar
31.1.2022
The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets
Ex-FinCEN Officials Urge Calm After US Treasury’s 'Unhosted Wallet' Regulation Proposal Returns
31.1.2022
American crypto users could face new scrutiny, as much-derided Treasury Department proposals to regulate the industry have resurfaced for the first time since 2020 – but experts have warned observers not to panic....
Read More: Ex-FinCEN Officials Urge Calm After US Treasury’s 'Unhosted Wallet'...
Ramp expands presence in US with FinCEN regulation
11.1.2022
Last August, Ramp became one of only eight crypto firms to secure approval from U.K.'s Financial Conduct Authority
Popular BTM Operator: Bitcoin of America Surpasses 1500+ BTMs
4.1.2022
PRESS RELEASE. Bitcoin of America, a popular digital currency exchange, has surpassed 1500 plus Bitcoin ATMs. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast...
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business
21.11.2021
A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized...
FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware
19.10.2021
FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly suspicious amount of ransomware transactions...
Popular BTM Operator: Bitcoin of America Adds Ethereum to Its Bitcoin ATMs
18.10.2021
PRESS RELEASE. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. Bitcoin of America...
Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges
18.8.2021
Larry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year. Helix Operator...
Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC
11.8.2021
Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles...
BREAKING: BitMEX announces $100M settlement with FinCEN, CFTC
10.8.2021
No mention was made of criminal charges against former CEO Arthur Hayes or any other executives at the firm
FinCEN's new digital currency advisor says crypto's 'just another means of payment'
30.7.2021
FinCEN digital currency advisor, Michele Korver, believes cryptocurrency is a natural evolution in financial technology
DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters
9.7.2021
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
7.7.2021
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver...
Breaking news: US financial regulator FinCEN hires its first-ever chief digital currency advisor
6.7.2021
The Financial Crimes Enforcement Network is looking to broaden its enforcement measures in the cryptocurrency sector with its latest hire
FinCEN Names Misuse of Cryptocurrencies a National Priority
4.7.2021
The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned about the “misuse of virtual assets that exploits and undermines their...
Bitcoin of America’s Chief Financial Officer Reports Record Company Growth
2.7.2021
PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN). Their mission is to provide their customers with a fast and easy...
Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry
2.7.2021
A $2,200 Ethereum price would give bulls a $28 million advantage in this week’s ETH options expiry, but traders are more focused on the impact of the London hard fork in mid-July