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Leading House Democrat Solicits Feedback From Gensler and Yellen on Crypto Bill
26.6.2023
The bill would provide guidelines for U.S.-based crypto exchanges to register with regulators
Privacy should be considered in ‘potential retail CBDC’ — Treasury official
14.6.2023
U.S. Treasury official Graham Steele told an audience at a Texas payments conference that a future CBDC in America should consider anonymity
U.S. Sanctions Watchdog Alleges Russia-Linked Crypto Wallet Processed $5M
19.5.2023
An Irish national helped wealthy Russians evade sanctions and hide money in UAE, OFAC alleged Friday
Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default
4.5.2023
As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value....
Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges
1.5.2023
Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday
U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts
24.4.2023
The U.S. Treasury Department's sanctions watchdog banned three North Korean individuals for supporting the Lazarus Group, a North Korean hacking team known for crypto thefts
World Regulators Are Looking at DeFi
12.4.2023
Decentralized finance (DeFi) is entering regulators’ crosshairs, but they don’t seem to be intent on taking it out – yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of risks DeFi might pose to both users and the broader financial...
U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money
6.4.2023
The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime
Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures
29.3.2023
Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, doesn’t believe that the digital assets sector should be blamed for the runs on Silicon Valley Bank (SVB) and Signature Bank that led to their quick demise earlier this month
US exploring ways to guarantee the country's 18T of bank deposits: Report
21.3.2023
The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount
U.S. Banking Collapse Doesn't Necessarily Make Crypto Trustworthy
16.3.2023
TK
U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
14.3.2023
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg
Is This a Crypto Banking Bailout?
13.3.2023
As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the federal government is eager to make it clear that it’s not going to let it get out of hand. But is it a bailout?
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
10.3.2023
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine...
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions
Internal documents reveal Australia's potential timeline for crypto legislation: Report
6.3.2023
Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least
Top US Treasury Official Says Leaders ‘Actively Evaluating’ Digital Dollar Question
1.3.2023
Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, suggested that the federal government’s work on a potential digital dollar is accelerating, saying leaders from various agencies and White House offices are starting meetings in the “coming months.”
Treasury officials would have done more for national security by leaving Tornado Cash alone
5.12.2022
Tornado Cash contributes to our national security interests more than it undermines them
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations
30.11.2022
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional...
OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities
14.9.2022
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that...