Tag: FinCEN
FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says
"These updates could clarify, and potentially expand, coverage of new entities in the virtual asset ecosystem that may be operating in areas of actual [...]
Bitcoin (BTC) Favored in Human Trafficking, Child Exploitation: FinCEN Report
"Victims of these crimes are placed into forced labor, slavery, involuntary servitude, peonage, and/or forced to engage in commercial sex acts," the r [...]
How the Crypto Industry Responded to FinCEN’s Proposed Mixer Rule
There were also, as Consensys' Bill Hughes pointed out, a number of comments that appeared to be written by a bot. A lot of these comments said they w [...]
Hong Kong Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge
Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter tied to alle [...]
Binance's Busy Day, Kraken's Second SEC Fight
Binance is paying one of the largest fines in corporate history to the U.S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, ste [...]
Binance to Make ‘Complete Exit’ From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement
Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes En [...]
FinCEN issues alert regarding crypto transactions connected to Hamas
The United States Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, issued an alert for financial institutions as part of efforts [...]
FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato
The United States Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, has argued that Binance is linked to the illegal [...]
Binance Named as Counterparty in FinCEN Order Against Bitzlato
"Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s [...]
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will cred [...]
US expansion for Huobi a step closer after it secures a FinCEN license
A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financ [...]
FinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight [...]
FinCEN Chief Digital Currency Adviser Korver Departs for A16z as Head of Regulatory
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest [...]
FinCEN includes crypto in alert on Russia potentially evading sanctions
The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider [...]
FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools
In the upcoming tech sprint, which doesn't yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, ris [...]