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Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
18.10.2023
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now
US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
18.10.2023
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
18.10.2023
U.S. Sen. Elizabeth Warren (D-Mass.) led more than a hundred lawmakers in demanding top officials share their plans for heading off crypto-financed terrorism
U.S. Treasury Targets Gaza Crypto Business in Sanctions to Squeeze Hamas
18.10.2023
The Treasury Department issued a list of sanctions that included a business providing money transfers and digital assets exchange services in Gaza
Supporting 2 Wars Is Feasible Despite US Debt Surge, Says Yellen
16.10.2023
After the United States recently accumulated hundreds of billions in debt and directed over $75 billion to Ukraine, U.S. Treasury Secretary Janet Yellen assured on Monday that the nation is financially equipped to back two wars. U.S. Can ‘Certainly Afford’ 2 Wars Yellen Insists Amid Rising Debt...
Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
16.10.2023
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024
Aussie crypto exchanges look to new licensing regime with cautious optimism
16.10.2023
Australian crypto exchanges have largely praised the Treasury’s latest proposal to place crypto exchanges under the existing financial services license regime, though some worry it could box the crypto industry into a TradFi-shaped box
Crypto exchanges to fall under TradFi licensing — Australian Treasury proposal
16.10.2023
The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
13.10.2023
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted two-year delay for the rule’s implementation.” Senators...
USDR stablecoin depegs to $0.53, but team vows to provide solutions
12.10.2023
Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions
Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid Assets
11.10.2023
On-chain data suggests that USDR's treasury was drained of liquid assets, leading to a run on the stablecoin
Backed Launches bIB01: A Tokenized Security Tracking US Treasury Bonds on the Blockchain
9.10.2023
Swiss-based real-world asset tokenizer Backed has introduced its latest tokenized security product, bIB01, on the Base blockchain, Coinbase's Layer 2 (L2) network.
The new tokenized security closely mirrors the performance of a short-term US treasury bond exchange-traded fund (ETF), offering...
Gitcoin screws up transfer, sends $460K to unrecoverable address
9.10.2023
Gitcoin’s project lead said the snafu has resulted in nearly half a million in funds being forever locked in a one-way contract address
Backed Finance Tokenizes Treasury Bond ETF on Coinbase’s Base Network
7.10.2023
Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares...
OFAC’s Sanction Bucket Grows: BTC, TRX, and ETH Addresses Flagged Over Fentanyl Ties
6.10.2023
The Office of Foreign Asset Control (OFAC) under the Treasury has released an updated version of the specially designated nationals (SDN) list, featuring multiple alleged fentanyl traffickers from China along with their associated cryptocurrency addresses. These highlighted crypto addresses...
U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know
6.10.2023
The United States Treasury's Office of Foreign Assets Control (OFAC) has sanctioned several cryptocurrency wallets associated with the illegal fentanyl trade.
On Tuesday, the OFAC added a new set of crypto wallets to its specially designated nationals (SDN) list, targeting a drug trafficking...
US Treasury Imposes Sanctions on Several Chinese Crypto Wallets Linked to Illegal Drug Dealers
4.10.2023
The US Department of Treasury has imposed sanctions on cryptocurrency wallets of China-based chemical companies and individuals tied to illegal production and trafficking of fentanyl.
The blocked wallets apparently “received millions of USD funds over hundreds of deposits,” Deputy Treasury...
US Treasury sanctions crypto wallets as authorities crack down on fentanyl
3.10.2023
According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets "received millions of USD funds over hundreds of deposits" used for illicit drugs
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
3.10.2023
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities
Tether Treasury receives two $50M USDT lump sums from Bitfinex
2.10.2023
Two transactions showed lump sums of $500,000,000 in USDT being transferred from Bitfinex to the Tether Treasury only a few minutes apart