News
Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day.
14283
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
The leaked documents show many banks 'enabling' money laundering.
4383 - News
FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.”
6513 - Opinion
The U.S. will likely continue enacting laws to support the use of blockchain technology for purposes beyond securities and digital currency.
5460 - News
FinCEN issued a statement on cybercrime in light of COVID-19.
4148 - Opinion
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk.
5173 - Opinion
Operating a Bitcoin ATM could indeed be a lucrative business endeavor, but it just got a whole lot more complex.
3891 - Expert Take
U.S. agencies sought millions of dollars in new funding to bolster national and international cryptocurrency investigations.
6397 - News
The head of the agency that enforces the Bank Secrecy Act and KYC requirements in the U.S. says the agency aims to help crypto innovate responsibly.
1671 - Analysis
Experts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines.
10853 - News
An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency.
2369 - News
The Libra Association has appointed former FinCEN and OFAC head Robert Werner as its chief lawyer.
6178 - News
Bitget, a Singapore-headquartered digital asset platform, has obtained a license from the U.S. Financial Crimes Enforcement Network.
3042 - In depth
U.S. agencies work to handle crypto in sanctions evasion, but may ultimately just cut the country off from an evolving financial world.
5610 - News
U.S. Congressman introduces Crypto-Currency Act of 2020, hoping to finally lay down the law as to which regulators handle which digital assets.
31945