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U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'
19.10.2023
The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from anonymous crypto funds, including possibly Hamas
Casascius Bitcoin Peels: $10M Cashed in 2023, Yet a $1 Billion Stash Remains Unclaimed
4.9.2023
While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical...
Tornado Cash indictment fails to show 'clear violation' of certain laws: Coin Center
24.8.2023
Coin Center research director Peter Van Valkenburgh argued that crypto mixer Tornado Cash is an anonymizing software provider, not a money transmitter
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
19.7.2023
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”
Bittrex withdrawals set to resume after bankruptcy court gives green light
15.6.2023
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
8.6.2023
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC
4 Reasons Why Lawmakers Shouldn’t Back Sen. Warren’s Latest Crypto Bill
15.2.2023
The Digital Asset Anti-Money Laundering Act is unworkable and assuredly unconstitutional
Crypto-related enforcement actions by US states rose sharply in 2022: Report
2.2.2023
There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins
Report: Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure
30.1.2023
Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations....
FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato
19.1.2023
FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato
Binance Named as Counterparty in FinCEN Order Against Bitzlato
19.1.2023
Binance, the world's largest crypto exchange was named as a counterparty in a FinCEN order against little-known cryptocurrency exchange, Bitzlato
Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin
9.1.2023
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused due to the changes in the service offer of...
Gate.io closer to launching US services after receiving local licenses
20.12.2022
Gate US said it obtained licenses to operate in “several” U.S. states along with a money service business license from FinCEN leading up to its local launch
US regulator to seek feedback on DeFi's impact on financial crime
8.12.2022
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks
Twitter Files for Payment Business — Elon Musk Says Platform Could Offer Debit Cards, Money Market Accounts
11.11.2022
Twitter has filed paperwork with the U.S. Financial Crimes Enforcement Network (FinCEN) to start a payment business. Tesla CEO and Twitter chief Elon Musk explained the social media platform could offer “an extremely compelling money market account” in addition to “debit cards...
‘Twitter will do lots of dumb things’ in the coming months: Elon Musk
10.11.2022
Twitter's new owner says they'll be throwing a heap of new ideas at the platform over the coming months
Report: US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator
25.10.2022
The United States Department of Justice recently filed a lawsuit to recover $60 million that was imposed on Larry Harmon, the operator of a bitcoin mixing service targeted by U.S. law enforcement in 2020. According to U.S. authorities, Harmon had operated an unlicensed money-transmitting business....
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator
12.10.2022
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure...
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
11.10.2022
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”
Bitcoiner sentenced to federal prison warns users involved in OTC trading
5.9.2022
"I'm just a regular Bitcoiner caught in the crosshairs," claimed Mark Alexander Hopkins, also known as Rizzn, prior to serving his prison sentence