Cryptocurrency mixers, a software that provides anonymity in crypto transactions, are at the forefront of the latest clash between regulators and the emerging world of digital assets, with legal …
America’s Oldest Bank, BNY Mellon, Will Hold That Crypto Now
The nation’s oldest bank said it would begin receiving clients’ cryptocurrencies on Tuesday, becoming the first large U.S. bank to safeguard digital assets alongside traditional investments on the …
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Crypto Rule Suggestions From U.S. Panel Seek To Plug Holes
Although a panel of state and federal financial regulators has identified three areas in which new laws could help plug holes in U.S. cryptocurrencies rules, widely seen as a necessary precursor to …
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In a Record, Crypto Exchange Is Fined $24 Million for Breaking U.S. Sanctions
The cryptocurrency exchange Bittrex was fined $24 million for breaking United States sanctions, the Treasury Department announced on Tuesday, the largest penalty the government has imposed on a crypto …
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Treasury’s financial stability watchdog warns cryptocurrencies could threaten safety of U.S. economy
The Treasury Department warned Monday that unregulated cryptocurrencies could pose a risk to the U.S. financial system. The warning was a part of the first major public report released by the …
Kim Kardashian charged by SEC over alleged ‘pump and dump’ crypto scheme, will pay $1.26M
Kim Kardashian has landed in hot water with the feds over an Instagram post promoting a cryptocurrency asset that has been blasted by critics as an alleged “pump and dump” scheme. The Securities and …
US Senators Strive to Amend Cybersecurity Bill to Aid Crypto
US Senators, Marsha Blackburn and Cynthia Lummis have introduced a bill to help crypto organizations report cybersecurity issues. Marsha Blackburn is a Republican from the state of Tennessee, and …
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Cryptocurrency and anti-money laundering enforcement
For many decades, the U.S. government has required financial institutions to take steps to help detect and prevent financial crimes including money laundering and terrorist financing. Federal law …
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Biden’s cryptocurrency framework is a step in the right direction
The White House released its first comprehensive framework this month for the Responsible Development of Digital Assets following President Joe Biden’s March 9 executive order. The order called for …
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What we can learn about the future of digital assets regulation from recent US government reports
On 16 September the White House released the Comprehensive Framework for Responsible Development of Digital Assets, offering recommendations designed to protect consumers, advance sustainability …