FinCEN News

It says users in the United States can expect digital asset services to come in the future.

Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets.

“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.

The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets.

Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act.

FinCEN digital currency adviser Michele Korver believes cryptocurrency is a natural evolution in financial technology.

The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets.

Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.

Michele Korver has been involved in crypto-focused Anti-Money Laundering operations since as early as 2013.

A $2,200 Ether 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.

FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs.

Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm CipherTrace.

U.S. securities regulators are still going after ICO cheats from the 2017-18 bull market. Initial coin offerings raised tens of billions of dollars during the last major cryptocurrency bull market.

Regulatory bodies must evolve with the markets they regulate, and when it comes to the crypto market, it becomes especially important.

Unhosted wallets have started to attract increasing attention from regulators, with FinCEN and the FATF seeking to control.