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US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance

The Treasury Department listed a number of questions, asking the general public to weigh in on how it’s approaching cryptocurrencies and their possible role in illegal activities.

By Nikhilesh De

Sep 19, 2022 at 3:37 p.m. UTC

Sep 19, 2022

regulationsUS TreasuryTornado CashPrivacyExclusive US

US Treasury Blacklists Several More Bitcoin Addresses Allegedly Tied to Iran Ransomware Attacks

The sanctions watchdog agency added several bitcoin addresses allegedly used in ransomware attacks to its blacklist.

By Nikhilesh De Danny Nelson

Sep 14, 2022 at 3:08 p.m. UTC

Sep 14, 2022

regulationsSanctionsIranRansomwareOFACUS Treasury

Digital Assets, From Regulation to Innovation in Federal Policy, Consensus 2022 by CoinDesk, Austin Convention Center, Austin, Texas, USA - 10 Jun 2022

Unhosted Crypto Wallet Rules Will Allow Innovation, US Treasury Official Vows

Storing crypto anonymously outside regulated venues lets people bypass sanctions and anti-money laundering checks, Deputy Secretary Wally Adeyemo said at Consensus 2022.

By Jack Schickler

Jun 10, 2022 at 5:51 p.m. UTC

Jun 10, 2022

regulationsUnhosted WalletsUS TreasurySanctionsMoney LaunderingKYCConsensus 2022

US Treasury Prohibits Transactions With Russia's Central Bank

The Office of Foreign Assets Control (OFAC) has also sanctioned the Russian Direct Investment Fund.

By Jamie Crawley

Feb 28, 2022 at 12:51 p.m. UTC

Feb 28, 2022

RussiaUkraineUS TreasurySanctions

Market Wrap: Bitcoin Leverage Costs Get Cheap, Ether Volatility Jumps

BTC had climbed from $35,709 to as high as $42,441. Then the slide started.

By Daniel Cawrey

May 20, 2021 at 8:58 p.m. UTC

May 20, 2021

VolatilityCommoditiesBitcoinEtherLeverageFilecoinBitcoin FuturesUS TreasuryCardanoThe GraphEquitiesBitcoin VolatilityEther OptionsMarket Wrap

Democracy Demands a Say in the Future of Money

The U.S. Treasury’s decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one.

By J Christopher Giancarlo

Dec 30, 2020 at 9:19 p.m. UTC

Dec 30, 2020

PolicyWalletsKYCOpinionUS Treasury

Major Hong Kong-based crypto companies will face new challenges in settling cross-border transactions if US sanctions in response to the national security law restrict or ban their access to the US dollar system. (Credit: Shutterstock)

Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages

The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy.

By David Pan

Jul 8, 2020 at 3:00 p.m. UTC

Jul 8, 2020

ChinaHong KongOTCBrokeragesSanctionsUS Treasury

Mnuchin 'Fine' With Libra Launch, But Crypto Project Must 'Fully' Comply With AML Rules

Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter.

By Daniel Palmer

Dec 6, 2019 at 11:15 a.m. UTC

Dec 6, 2019

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Mnuchin's Number Two Says Private Cryptos Pose Threat to Government Power and Will Be Watched

The deputy secretary of the U.S. Treasury has raised the specter of a not-so-distant future when private digital currencies have stripped some of the power from governments. Policymakers will take a "hard look" at that, he said.

By Daniel Palmer

Nov 22, 2019 at 1:03 p.m. UTC

Nov 22, 2019

RegulationGovernanceUS Treasury