FINCEN
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.
Wallet of Satoshi Withdraws from the U.S. Market Amid Regulatory Challenges
Wallet of Satoshi withdraws from U.S. market, highlighting regulatory challenges faced by crypto service providers like GameStop and Binance, reflecting evolving U.S. cryptocurrency regulation landscape.
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has issued an alert to financial institutions, urging vigilance in identifying and reporting suspicious activities related to the financing of the terrorist organization Hamas. The alert comes in the wake of a Hamas-led attack on Israel on October 7, 2023, which was funded through various means, including virtual currency.
Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance
The US Office of Foreign Asset Control accused former Tornado Cash creators Roman Storm and Roman Semenov for conspiracy to run an unauthorised money-transmitting company. The crypto community worries about the indictment's FinCEN compliance. Peter Van Valkenburgh, Coin Center's research director, said Tornado Cash's tools may not classify developers as money transmitters.
The Number of Crypto-Related Enforcement Actions in the United States Grows
Blockchain risk monitoring business Solidus Labs predicts a significant rise in US federal and state enforcement actions in 2022.
Binance linked to illegal cryptocurrency platform Bitzlato
Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators.
US Treasury Fines Bittrex Exchange $29m for Multi-Year Sanctions Violation
The United States Treasury Department through the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) has fined Bittrex $29 million due to failure to prevent individuals in sanctioned jurisdictions from using its platform.
CFTC Commissioner Clarifies the Agency's Sweeping Rights to Regulate Crypto Derivatives
CFTC Commissioner Dawn D. Stump has given several clarifications that show the agency has powers to regulate cryptocurrencies.
BitMEX Agrees to Pay $100M in Settlements to the CFTC of the US
BitMEX has reached a settlement with the CFTC and FinCEN on charges bordering on illegal exchange operation.
President Biden Freezes Mnuchin's Controversial Proposed Regulation on Unhosted Crypto Wallets
FinCEN’s controversial regulation proposal on “unhosted” crypto wallet has been effectively frozen by President Joe Biden as his administration takes office today.