FinCEN News

Huione-linked wallets moved nearly $1 billion in USDT to CEXs since FinCEN imposed restrictions on US financial institutions interacting with the group.

The Alabama Money Transmitter License marks a milestone in Transak’s US growth as it works toward all-state coverage.

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.

While exempt from the Money Transmitter License requirement, crypto firms in Hawaii must still comply with any federal licensing laws.

Decentralized finance protocols should be seen as “critical infrastructure” to the United States’ national and economic security, according to Polygon’s legal team.

Crypto firms, including Coinbase, Consensys, the Blockchain Association and others, have filed comments on FinCEN’s proposed reporting requirements for crypto mixing activities.

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.

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.

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

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

The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”

The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC.

Bittrex owes $29 million in penalties for sanctions violations and may still face penalties in a case brought by the SEC.

There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins.