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US Treasury to Monitor Libra Over Possible Financial Risks
23.10.2019
The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress
The Federal Reserve Makes a Big Move Into the US Treasury Bill Market
23.10.2019
The United States Federal Reserve is all set to wade into the US Treasury Bill market in a big way and could end up owning as much as 12% of the existing market. The estimates have been provided by forecasting firm Oxford Economics. Considering the current threats to the economy and dangers of...
The Fed Plans to Inject $60 Billion per Month Into the Economy
15.10.2019
On October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until...
US Treasury Secretary Says Firms Left Libra Due to Compliance Issues
14.10.2019
Steven Mnuchin has said that Facebook’s forthcoming Libra stablecoin is not ready to comply with existing money-laundering standards
US Treasury Secretary: Regulatory Fears Forced Libra Exodus
14.10.2019
U.S. Treasury Secretary Mnuchin said backers of Facebook’s Libra withdrew from the project, fearing it would not meet regulatory standards
VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet
19.9.2019
The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time...
Litecoin Foundation to Hold Undisclosed Treasury Sum with Crypto Lender
18.9.2019
The Litecoin Foundation has tapped Celsius Network, a blockchain-based crypto lending program, to become its preferred crypto wallet
US Sanctions Three Alleged Crypto Hacking Groups from North Korea
16.9.2019
The U.S. Treasury mentioned cryptocurrency thefts as one of the reasons for the action against the Lazarus Group, Bluenoroff and Andariel
US Treasury: Non-Compliant Fintechs Won’t Survive the War on Terror
14.9.2019
Cryptocurrencies could become the next frontier in the war on terror, according to U.S. Treasury undersecretary Sigal Mandelker
US Treasury Sanctions North Korean Hacker Groups for Cyber Attacks
13.9.2019
The US Treasury announces sanctions against three North Korean state-sponsored hacker groups responsible for cyber attacks
Libra Must Comply with Anti-Money Laundering Standards: US Treasury
10.9.2019
Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms, according to a United States Treasury official
Facebook Libra, Other Cryptos Must Comply With US Rules: Treasury Official
10.9.2019
Facebook's Libra and other cryptocurrencies operating in the U.S. must meet regulatory requirements to tackle financial crimes, the official said
US Treasury Department Tightens Against Cryptocurrency Addresses Associated With Chinese “Drug Kingpins”
22.8.2019
The U.S. Treasury Department’s Office of Foreign Assets Control has enlisted three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws. The United States Treasury Department has constituted different cryptocurrency addresses...
US Treasury Targets Crypto Addresses of Alleged Narcotics Traffickers
21.8.2019
The U.S. Treasury has blacklisted three Chinese citizens and their cryptocurrency addresses
US Treasury Blacklists Bitcoin, Litecoin Addresses of Chinese ‘Drug Kingpins’
21.8.2019
The U.S. Treasury's OFAC has put bitcoin and litecoin addresses of three Chinese nationals on its sanctions list, the second time the agency has blacklisted crypto wallets
China Designated as Currency Manipulator by United States Treasury
6.8.2019
In what can be termed as an unexpected turn of events, the United States Treasury has designated China as a Currency Manipulator. The announcement has been done via the Treasury Department’s official Twitter handle on 5th August, followed by a press release. U.S. Treasury Designates China as...
When Cash Is Banned, Centralized Cryptos Are Not Going to Save You
30.7.2019
Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many...
How Government Agencies Make Criminals of Crypto Traders
26.7.2019
A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face...
US Treasury Secretary Mnuchin Thinks Outlook for Bitcoin Is Bleak
24.7.2019
Secretary Steven Mnuchin said, "I will personally not be loaded up on bitcoin in 10 years.”
The Myth of Authority: Mnuchin Denies USD Is Used Criminally
22.7.2019
U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of...