fincen

Policy

Regulation

Crypto Exchange Bittrex to Pay $30M in US Treasury Sanctions Settlement

Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance program between 2014 and 2017.

By Nikhilesh De

Sponsored

Oct 11, 2022 at 2:57 p.m. UTC

Oct 11, 2022

RegulationBittrexSanctionsOFACFinCEN

---

Policy

Regulations

US Treasury Official Warns Crypto Industry to Proactively Sanction 'Problematic' Wallets

FinCEN Associate Director Alessio Evangelista said crypto service providers shouldn't wait for the government to designate a wallet if it's being used for illicit activity.

By Danny Nelson

Sponsored

May 19, 2022 at 4:37 p.m. UTC

May 19, 2022

regulationsSanctionsFinCENOFACNorth KoreaUS

---

Policy

Regulations

MoonPay, Startup Known for Celeb NFT Buys, Adds Obama-Era Money Laundering Watchdog

James Freis ran the Financial Crimes Enforcement Network from 2007 to 2012.

By Jesse Hamilton

Sponsored

Mar 23, 2022 at 6:12 p.m. UTC

Mar 23, 2022

regulationsFinCENMoonPay

---

Policy

Regulations

The Unnoticed OFAC Budget Ask in Last Week's Crypto Congressional Hearing

Whether FinCEN and OFAC have the resources they need to enforce anti-money laundering rules seems very under-discussed.

By Nikhilesh De

Sponsored

Mar 22, 2022 at 5:08 p.m. UTC

Mar 22, 2022

regulationsNewslettersState of CryptoOFACElizabeth WarrenFinCEN

---

Business

A16z

FinCEN Chief Digital Currency Adviser Korver Departs for A16z

Michele Korver, who spent less than nine months at FinCEN, will be head of regulatory at A16z.

By Jamie Crawley

Sponsored

Mar 15, 2022 at 11:52 a.m. UTC

Mar 15, 2022

A16zFinCENVenture CapitalTreasury

---

Policy

Coinbase

Crypto Heavyweights Coinbase, Fidelity and Robinhood Back US Anti-Money Laundering Group

The 18-member Travel Rule Universal Solution Technology (TRUST) initiative addresses AML data sharing requirements prescribed by FinCEN.

By Ian Allison

Sponsored

Feb 16, 2022 at 1:03 p.m. UTC

Feb 16, 2022

CoinbaseFidelity Digital AssetsRobinhoodFinCENFATFAML

---

Layer 2

Crypto wallets

A Crypto Wallet by Any Other Name…

“Unhosted”? “Self-hosted”? “Non-custodial”? What you call a crypto wallet may seem trivial but it has huge stakes for shaping public perception of cryptocurrencies – and, in turn, for regulation.

By David Z. Morris

Sponsored

Feb 2, 2022 at 6:42 p.m. UTC

Feb 2, 2022

Crypto WalletsPrivacySecurityRegulationFinCENIRSTreasury Department

---

Policy

Regulations

Diem May Be Gone, but Its Legacy Lives On

It's still not yet time to lay this much plagued stablecoin project to rest.

By Nikhilesh De

Sponsored

Feb 1, 2022 at 6:04 p.m. UTC

Feb 1, 2022

regulationsNewslettersState of CryptoLibraDiemLibra AssociationUnhosted WalletsFinCENTreasury Department

---

Policy

Regulations

The Unhosted Crypto Wallet Rule Is Back

The rule was first proposed by a U.S. money-laundering watchdog FinCEN in late 2020.

By Nikhilesh De

Sponsored

Jan 29, 2022 at 11:13 p.m. UTC

Jan 29, 2022

regulationsFinCENUnhosted WalletsTreasury Department

---

Policy

Fdic

FinCEN, FDIC to Hold 'Tech Sprint' for Digital Identity Tools

The proliferation of scams, information leaks and synthetic identity fraud is presenting a major challenge to the online financial services industry, federal regulators said.

By Cheyenne Ligon

Sponsored

Jan 12, 2022 at 6:54 p.m. UTC

Jan 12, 2022

FDICFinCENDigital IdentityPrivacy

---