[ad_2][ad_1] Ever since the US Federal Reserve and Financial Crimes Enforcement Network opened a proposed rule to acquire more information on smaller international transactions, many cryptocurrency users have labeled the measure as an invasion of privacy. On October 23, regulatory agencies released a long-standing rule change proposal notice in which …
Read More »Because FinCEN wants details on all cross-border transactions over $ 250
[ad_2][ad_1] US regulators are debating the “why” of a new proposal that worries cryptocurrency fans. Speaking on Monday at the V20 Virtual Asset Service Providers Summit, Carole House, an emerging technology and cyber policy specialist at the Financial Crimes Enforcement Network (FinCEN), said criminals are conducting cross-border payments using smaller …
Read More »Bitcoin “Mixer” Anonymizing Shaken Transactions With $ 60 Million Penalty From FinCEN | Vinson & Elkins LLP
[ad_2][ad_1] The Financial Crimes Enforcement Network (“FinCEN”) recently hit the founder and main operator of Helix and Coin Ninja with a civil fine of $ 60 million. These companies acted as “mixers” or “glasses” for virtual currencies like Bitcoin. A “mixer” or “tumbler” accepts the currency and transmits it in …
Read More »Leading US Firm Offers Cryptocurrency Services, Launching Blockchain Solutions Across All Sectors, CFTC Crypto Guidance Issues, FinCEN Fines Tumbler Service
[ad_2][ad_1] In this problem: The leading US payment company launches the cryptocurrency service as adoption grows • Launch of blockchain supply chain solutions, copyright and satellite communications • CFTC Guide Addresses Crypto Deposits, Travel Rules White Paper published • Stop Target Criminal Network using Crypto, FinCEN Fines Tumbler Operator The …
Read More »The first Bitcoin mixer penalized by FinCEN fined $ 60 million
[ad_2][ad_1] Larry Dean Harmon, owner and operator of the Helix and Coin Ninja coin blending services was struck with a $ 60,000,000 civil fine from the Financial Crimes Enforcement Network (FinCEN) for violating the Bank Secrecy Act (BSA), which is key US anti-money laundering legislation and that was only used …
Read More »Director of FinCEN: complaints regarding cryptocurrency exceed 1500 per month
[ad_1] Cryptocurrency- Despite the demand for Exchange Traded-Funds and other SEC-regulated options for investors, cryptocurrency continues to remain a largely lawless place. A new report from the US Financial Crimes Network has cast an overwhelming light on the industry in terms of suspicious activity and other forms of improper gaming. …
Read More »FinCEN states that it now receives 1,500 Crypto complaints a month
[ad_2][ad_1] The Financial Crimes Enforcement Network (FinCEN) receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a senior official said. FinCEN director Kenneth Blanco, speaking at the Chicago Tech-Kent Block (Legal) conference, discussed the role his agency played in regulating cryptocurrencies. He noted that while cryptocurrencies may …
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