Tag: FinCen
Breaking News
New Crypto Tax Law That’s ‘Impossible To Comply With’ Now in Effect, Says Coin Center – Here’s What It Is – The Daily Hodl
A prominent crypto advocacy group says that new crypto tax regulations have come into effect that are impossible to comply with.
In a new press...
Crypto tax rules now require reporting of transactions over $10K
New cryptocurrency tax reporting obligations came into effect on New Year’s Day, crypto advocacy group CoinCenter said on Jan. 2.According to CoinCenter, those new...
SEC Chair Issues Cryptocurrency Warning Amid Rising Anticipation of Approval of Spot BTC ETFs – CryptoCurrencyWire
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler sounded a cautionary note about the state of the cryptocurrency landscape on the social media...
Can Crypto Mixers Evolve to Sidestep Prosecution by U.S. Authorities? – CryptoCurrencyWire
Tornado Cash made headlines in August 2022 when the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned it, raising...
Don’t Get Caught Up In The Mix: OFAC Sanctions Another Crypto Mixer For Potential Violations Of Sanctions Regulations And FinCEN Proposes New Rule –...
U.S. government agencies continue to take action against cryptocurrency mixing services that enable cybercriminals to obfuscate the trail of stolen proceeds on public blockchains...
Tether has frozen $435M USDT for U.S. DOJ, FBI, and Secret Service
The world’s largest stablecoin issuer has frozen 326 wallets containing $435 million worth of Tether (USDT) for the U.S. authorities, the company highlighted in...
Binance SEC Lawsuit Heats Up Despite DOJ Settlement
Binance doubled down on its motion to dismiss an SEC lawsuit on Tuesday in response to an opposing motion filed by the SEC...
Binance Unveils Statement Underlining Collaborative Regulatory Efforts – CryptoInfoNet
In a whirlwind of developments, Binance, the world’s leading cryptocurrency exchange, issued a statement on Tuesday addressing historical compliance challenges that the firm faced...
Fresh outrage erupts over Warren bill as 5 more senators sign on
Senator Elizabeth Warren (D-MA) announced an expanded coalition of Senate support this week for a bipartisan bill to mitigate illicit finance risks posed by...
The US DOJ Imposes Sweeping Monitorship On Binance
The US Department of Justice (DOJ) imposes extensive oversight on Binance, indicating increased regulation in the cryptocurrency industry.
The DOJ’s monitorship includes...
The SEC is using now-unsealed court records to bolster its Binance lawsuit
In a filing on Dec. 8, the U.S. Securities and Exchange Commission (SEC) asked the court to take judicial note of the newly unsealed...
XRP Users Get First Access to Uphold’s New Assisted Self-Custody Wallet
Uphold has introduced ‘Vault,’ a new self-custody wallet. In a strategic move, the company has granted early access exclusively to the XRP community, recognizing...
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