2021-7-30 07:08 |
FinCEN digital currency advisor, Michele Korver, believes cryptocurrency is a natural evolution in financial technology.
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The U.S. FinCEN has hired Michele Korver, previously in the DOJ Digital Currency Council, as the first-ever Chief Digital Currency Advisor.
2021-7-6 19:54 | |
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Michele Korver has been involved in crypto-focused Anti-Money Laundering operations since as early as 2013.
2021-7-6 17:34 | |
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PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN).
2021-7-2 16:00 | |
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In yet another blow to the cryptocurrency industry, the US Treasury has revealed plans to mandate the reporting of crypto holdings over $10K held with foreign digital currency service providers. FinCEN, an arm of the Treasury Department that oversees domestic financial laws’ enforcement, will implement the new rule when adopted.
2021-1-9 13:00 | |
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We the people… On Dec. 29, a petition on the US White House web site appeared regarding the fate of the Ripple Labs token XRP. The appeal asked the government to stand by a Financial Crimes Enforcement Network (FinCEN) determination that XRP is a currency.
2021-1-2 17:18 | |
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The Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury shared its intent to amend the FBAR for cryptocurrencies. The official document “Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency” notes that currently, FBAR regulations do not define a foreign account holding virtual currency […] The post FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies first appeared on BitcoinExchangeGuide.
2021-1-3 19:13 | |
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The Executive Director of CoinCenter, Jerry Brito, has revealed that he is working with people in Congress to get some letters sent to the United States Secretary of Treasury, Steven Mnuchin, requesting the extension of what he says is a “rushed” comment period as per an update on Dec 28. The New Currency Reporting RuleRead More
2020-12-31 22:01 | |
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Операции с криптой законодательно еще не регулируются, а следовательно сами по себе ничего не нарушают. Однако, с 1 января 2020 вступают важные изменения в законодательство РФ о валютном регулировании, а осенью 2019 может быть принят закон о регулировании оборота криптовалют.
2019-9-17 13:40 | |
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Seed CX subsidiary Zero Hash has added support for derivatives after receiving a virtual currency license from FinCen in July
2019-9-12 19:30 | |
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The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market.
2019-8-23 16:00 | |
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At an Anti-Money Laundering Conference in Las Vegas, the director of the Financial Crimes Enforcement Network (FinCEN) asked the casinos to comply with the agency’s guidelines in regards to suspicious convertible virtual currency (CVC) activity.
2019-8-17 18:26 | |
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As the crypto asset regulatory environment begins to firm up, crypto’s reputation as the ‘wild west’, is fading. New guidance by FinCEN makes it clear that in the US, virtual currencies are subject to the same AML requirements as fiat currency.
2019-5-15 02:00 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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The Financial Crimes Enforcement Network [FinCEN] recently released guidance for money transmitter using digital currencies. Along with this, it also released a document titled ‘Advisory on Illicit Activity Involving Convertible Virtual Currency’ guiding institutions on how to identify and report “suspicious activity concerning how criminals and other bad actors exploit convertible virtual currencies”.
2019-5-10 18:45 | |
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The Financial Crimes Enforcement Network [FinCen] issued its guidance on the ‘Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies’ on May 9, 2019.
2019-5-10 17:00 | |
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The Financial Crimes Enforcement Network (FinCEN), a bureau within the U. S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.
2019-4-20 23:38 | |
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In what is being called a first, the Financial Crimes Enforcement Network has fined Eric Powers of California $35,000 for operating an illegal bitcoin exchange, failing to register as a money transmitter, and not filing currency transaction reports.
2019-4-20 17:20 | |
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For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
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Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela.
2018-11-28 19:29 | |
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Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
2018-11-15 17:45 | |
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The Financial Crimes Enforcement Network has warned U. S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country.
2018-10-15 15:35 | |
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The US Financial Crimes Enforcement Network receives over 1,500 suspicious activity reports (SARs) related to cryptocurrencies, the agency’s director has revealed. The majority of them come from money service businesses (MSBs), stakeholders in the digital currency industry and other financial institutions.
2018-8-14 20:00 | |
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Director of US Financial Crimes Enforcement Network (FinCEN) Kenneth A. Blanco delivered a speech on August 9th at the 2018 Chicago-Kent Block Legal Tech Conference, wherein he cited a recent surge in crypto-related Suspicious Activity Reports (SARs).
2018-8-12 00:13 | |
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In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U. S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the […] The post U.
2018-7-27 00:15 | |
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The US SEC has decided Bitcoin and Ethereum will not be regulated as securities but the debate continues to rage over Ripple, the third-largest cryptocurrency by market capitalization. Some argue US FinCen has already set a precedent for Ripple’s definition, which will mean the SEC must eventually follow suit.
2018-6-18 10:00 | |
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