Breaking news
Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act.
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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
FinCEN digital currency adviser Michele Korver believes cryptocurrency is a natural evolution in financial technology.
4023 - Opinion
The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets.
19050 - Expert Take
Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.
2731 - Breaking news
Michele Korver has been involved in crypto-focused Anti-Money Laundering operations since as early as 2013.
3990 - Market Analysis
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.
21353 - News
FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs.
2836 - News
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.
5631 - News
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.
8518 - Opinion
Regulatory bodies must evolve with the markets they regulate, and when it comes to the crypto market, it becomes especially important.
4085 - Expert Take
Unhosted wallets have started to attract increasing attention from regulators, with FinCEN and the FATF seeking to control.
35158 - Expert Take
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem.
12364 - Expert Take
What crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations.
13208 - News
Michael Mosier will replace Kenneth Blanco as the U.S. government agency’s acting director.
11313 - News
In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions.
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