05Jan/21

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan. 4 letter from JackRead More…

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31Dec/20

FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+

The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department wing tasked with monitoring potential legal violations of domestic financial laws, wants Americans to report if they have more than $10,000 inRead More…

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23Dec/20

Presidential Advisory Group Weighs In on Regulatory Approach to Stablecoins

Stablecoins should meet the same regulatory standards as other aspects of the financial system, says President Trump’s Working Group on Financial Markets.  The working group published a report Wednesday detailing how itRead More…

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18Dec/20

US Treasury Bulking Up Crypto Policy Advisers as Wallet Reg Rumors Swirl

The Financial Crimes Enforcement Network (FinCEN), the top financial crimes watchdog within the U.S. Treasury Department, is hiring two policy officers to help draft regulations for the cryptocurrency space. Disclosed in Dec.Read More…

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11Dec/20

FinCEN Encourages Banks to Share Customer Information With Each Other

A U.S. agency that fights financial crime is encouraging financial institutions, ranging from banks to cryptocurrency exchanges, to share customer information with one another to catch wrongdoers. The Financial Crimes Enforcement NetworkRead More…

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13May/20

1.4% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned Crypto

More than 70,000 crypto-related suspicious activity reports (SARs) have been filed since 2013, but the Financial Crimes Enforcement Network (FinCEN) has issued a stark warning that some offshore companies may not beRead More…

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10Feb/20

FinCEN: Social Media Crypto Projects Can’t Ignore Money Laundering Risk

The deputy director of the United States Financial Crimes Enforcement Network (FinCEN) says the cryptocurrency sector must not abet a “slide backward” in money laundering prevention. FinCEN deputy director Jamal El-Hindi made hisRead More…

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