Tag: FinCen
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Cryptocurrency Regulatory and Legislative Analysis #14
Cryptocurrency Regulatory and Legislative Analysis #14October 2, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALIOSCO Issues Policy Recommendations for DeFi; proposes DeFi be regulated consistent...
Bitcoin Skeptic U.S. Senator Charged with Bribery
According to a report by NBC, U.S. Senator Robert Menendez, a Democrat from New Jersey (and a well-known critic of Bitcoin), has been formally...
Bitcoin Critic Senator Menendez Charged With Corruption, Bribery – Decrypt
U.S. Senator and Bitcoin skeptic Robert Menendez (D-N.J.) has been charged with bribery after allegedly accepting swaths of gold, cash, and mortgage payments as...
FinCEN Issues Warning on Crypto ‘Pig Butchering’ Scams as US Victims Lose Billions
FinCEN issues an alert as crypto “pig butchering” scams become increasingly sophisticated with scammers using strategies such as play-to-earn gaming to defraud victims....
Google will allow ads for NFT games starting September 15
Google has updated its cryptocurrency advertising policy to allow for blockchain-based NFT gaming advertisements as long as they don’t promote gambling or gambling services. According...
US regulation could stifle blockchain, says former White House director
Blockchain innovation in the U.S. could suffer from over-regulation of the crypto industry, former White House director of cybersecurity Carole House said during a...
John Deaton Says Jim Cramer Should Be ‘Ashamed’ for Misleading the Public on XRP
On 31 August 2023, John Deaton, a prominent, highly-respected attorney closely monitoring the U.S. SEC’s lawsuit against FinTech firm Ripple, attacked former hedge fund...
Tornado Cash Cofounder Arrested, Another Sanctioned by U.S. Government
Roman Storm, a Tornado Cash cofounder, was arrested, and another cofounder was sanctioned by the U.S. OFAC for alleged laundering of virtual assets...
KYC Crypto – How Crypto Exchanges Prevent Money Laundering
The crypto market is uninterruptedly seeing improvements despite persistent instability, as noted by Forbes, many prevalent currencies have lately driven a $300 billion price...
U.S. senators reintroduce crypto anti-money laundering bill
Two U.S. senators have re-introduced the ‘‘Digital Asset Anti-Money Laundering Act of 2023’’ after months of delay, which puts greater emphasis on industry participants...
Wall Street banks back Elizabeth Warren’s Digital Asset Anti-Money Laundering Act
U.S. senator Elizabeth Warren reintroduced the Digital Asset Anti-Money Laundering Act on July 28, backed by unlikely allies — the Wall Street banks.The...
AI creates security risks and attack vectors. Can Blockchain help?
One can even imagine, for example, the U.S. Treasury Department’s Financial Crime Enforcement Network (FinCEN) using blockchain technology to create databases of financial records...
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