The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an advisory calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanc...
FinCEN News
The Financial Crimes Enforcement Network, or FinCEN, is a bureau of the U.S. Department of the Treasury that specializes on analysis of all financial operations in order to prevent terrorist financing, money laundering, etc. FinCEN was founded in 1990 and currently is headquartered in Vienna, VA. In 2013, FinCEN issued Bitcoin and virtual currency guidance concerning creating, obtaining, distributing, exchanging, accepting or transmitting virtual currencies. By this guidance, the companies that provide cryptocurrency-related services must report all data to the government so that it can prevent money laundering. There are also definitions for various kinds of cryptocurrency users and their responsibilities while working with digital currencies.
- News
- News
Green markets are making a fresh attempt at recovery following their recent losses, with Bitcoin holding 2018 record-high dominance of total crypto market cap.
- Follow up
On July 25, the DoJ contacted users of the crypto exchange Poloniex.
- News
by Helen Partz
At a hearing in Washington DC, Coinbase’s Chief Legal and Risk Officer claimed that the current regulatory system ‘is harming healthy innovation’ of crypto.
- Expert Take
by Selva Ozelli
International tax officer sums up current state of ICO regulation in US
- Expert Take
Tax attorney gives tips on how to deal with Bitcoin and the IRS.
- Food for Thought
by Iyke Aru
Compliance-as-a-service company, Coinfirm claims to know where over 66,000 Bitcoins were moved after the BTC-e hack.
-
by Joseph Young
US Securities and Exchange Commission (SEC), the Internal Revenue Service, FinCEN, Department of Homeland Security, and other government agencies have officiall...
-
by Carlo C
The law, known as “civil asset forfeiture” was structured to not only track deposits made by suspected criminals but to seize them as well. But anyone who knows...
Editor’s Choice
- Bitcoin Cash Tanks 13 Percent as Major Cryptocurrencies All Fall Hard
- Bitcoin to Be Worth ‘Great Deal More’ in Three Years, Circle Co-Founder Says
- European Parliament Calls for Increased Blockchain Adoption in Trade
- Swiss Federal Council: Existing Financial Law Should Be Adjusted to Blockchain Industry
- Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 14