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Tag: FinCen

Regulation: US Lawmaker, Paul Gosar Introduces “Crypto-Currency Act Of 2020” Bill

A United States lawmaker is currently working hard to bring clarity and legitimacy to cryptocurrencies and regulatory bodies overseeing the emerging industry. Congressman...

US Congressman Introduces Crypto-Currency Act of 2020

A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets. On March 9,...

OKCoin’s Chair Takes Over as CEO, Former Chief Executive Moves Sideways

Major United States cryptocurrency exchange OKCoin has announced that its current chairperson, Hong Fang, is taking over as CEO.Fang is a former Goldman...

US charges Chinese pair for laundering $100M in stolen crypto for North Korea

US authorities have accused two Chinese nationals of laundering more than $100 million worth of stolen cryptocurrency for a hacking outfit linked to...

A Sea Change to Crypto Hits America, Again

A sea change is coming to cryptocurrency in America. It is likely to hit in two separate waves: a central...

Presumed Guilty: Financial Watchdogs See Crypto as Illicit by Default

Recently, financial regulators around the world have been growing concerned about the role of cryptocurrency in money laundering and financing of various illicit activities....

Chief technical counsel for blockchain analytics firm Chainalysis returns to FinCEN

Michael Mosier has returned to the Financial Crimes Enforcement Network (FinCEN) after a stint as chief technical counsel for blockchain analytics firm Chainalysis. <p...

IRS Invites Cryptocurrency Advocates to Discuss Tax Compliance

The Internal Revenue Service (IRS) is taking another stab at ensuring adequate provisions for cryptocurrencies in the United States tax infrastructure. After the IRS...

Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service

Earlier this week, the word “cryptocurrency” made it to the text of one of the United States government’s most consequential strategic documents: the...

Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash

In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the...

Bitcoin News Summary – February 17, 2020

The post Bitcoin News Summary – February 17, 2020 appeared first on 99 Bitcoins.

 The Trump administration plans to implement new regulations around the cryptocurrency industry. US Treasury Secretary Mnuchin announced to Congress that FinCEN (the Financial Crimes Enforcement Network) will shortly release the new regulations. While Mnuchin spoke favorably of the potential of stablecoins to make “small Dollar payments cross-border,” he warned that crypto privacy allows for [...]

Countries Buckle Up as FATF’s Travel Rule Deadline Approaches

The Financial Action Task Force (FATF) published its travel rule last June, in which it proposed a means through which cryptocurrency exchanges and...

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