2021-5-21 19:19 |
A Treasury report says that all crypto transactions over $10,000 have to be reported to the IRS
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The Treasury Department guidelines equated crypto transactions to “deceptive or structured transactions or dealings” in attempting to evade U.S. sanctions.
2022-3-1 01:23 | |
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Continued political buzz is abundant lately around crypto, and today is no exception. In a initial report from Bloomberg this morning, the U.S. Treasury has shared intent to require businesses, and likely individuals as well, that transfer $10,000 USD and above in crypto to report the transactions to the IRS. The move is part of […]
2021-5-21 22:13 | |
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The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […]
2021-5-20 20:32 | |
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Turkey’s Minister of Treasury and Finance sheds light on regulatory actions following an alleged $150-million crypto exchange scam.
2021-5-8 12:58 | |
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Regulation has always been a real obstacle to mainstream adoption in the crypto arena. The message is coming across very loud and clear from a variety of market participants including Treasury Secretary to the US Janet Yellen who has publicly ripped into Bitcoin calling it an “inefficient way of conducting transactions”.
2021-3-23 21:30 | |
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U. S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin.
2021-2-20 22:30 | |
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US Department of Treasury’s OFAC announced that Bitcoin payment provider BitPay has agreed to a $507,375 settlement over violations of “multiple sanctions” related to crypto transactions. BitThe post BitPay agrees to pay $507,375 over sanction violation charges appeared first on AMBCrypto.
2021-2-18 21:00 | |
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Chicago based firm, Decred introduces new features in its upgraded wallet, Decrediton Wallet v. 1. 6, to “cement its token’s position as money. ” The new upgrade wallet features a decentralized on-chain treasury, enhanced privacy features, and lightning network payments.
2021-1-26 18:50 | |
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The new US Treasury Secretary Janet Yellen’s recent negative comments about Bitcoin and crypto have revolved around alleged “illicit use. ” However, data from a top blockchain analysis firm claims that under 1% of all cryptocurrency transactions are related to criminal activity.
2021-1-25 18:30 | |
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Extension, extension, extension The announcement comes after many in the cryptocurrency community derided the Treasury Department for setting an unusually short 15-day period. The new comment period is extended by 15 days for reporting requirements on transactions greater than $10,000.
2021-1-15 23:44 | |
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The crypto industry says a proposed rule to collect personal data from private wallet transactions is being rushed, might be challenged in court and could be difficult to implement.
2021-1-7 20:20 | |
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The Treasury’s Office of the Comptroller of the Currency (OCC) has greenlighted federally chartered banks to run nodes and use stablecoins for payments and other acceptable functions. The agency published a letter on January 4, noting that national banks or federal savings associates may validate, store, and record payment transactions by working as a node on independent node verification networks (INVNs).
2021-1-5 14:42 | |
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According to a Dec 30 tweet, Coinbase seeks input from its users: “The US Treasury is proposing crypto regs that will force exchanges to collect, store and share with the gov. personal information associated with all crypto transactions.
2020-12-31 19:58 | |
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The Financial Crimes Enforcement Network (FinCEN), a bureau of the U. S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do, and which wallets are affected.
2020-12-20 20:15 | |
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Many have called the long-rumored rules an existential threat to peer-to-peer transactions.
2020-12-20 01:45 | |
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Announced this last Wednesday, The U. S. Department of Treasury has awarded two grants to blockchain tracking and monitoring firms, Chainalysis and Integra FEC. Both firms received $625,000 in grants in a bid to develop privacy-focused blockchain transactions such as Monero and Layer-2 protocols.
2020-10-2 22:18 | |
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Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example.
2020-7-5 20:11 | |
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In what was at first seen as a big step towards the legitimization of the cryptocurrency industry in the USA — the tabling of the Cryptocurrency Act of 2020 has now revealed an opening for the tracing of transactions by the Secretary of the Treasury.
2020-3-13 08:16 | |
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Per the latest from the ever-vigilant ‘Whale Alert’ live tracker for cryptocurrency transactions on Twitter, the USDC Treasury moved 19 million coins to an unknown wallet. USDC is the dollar-pegged stablecoin by a consortium of companies working in the cryptocurrency space called CENTRE.
2019-12-4 13:15 | |
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One of the primary concerns for governing forces with cryptocurrency is its link with unbiased cross-border monetary transactions that may help fuel global terror and illicit businesses. As the technology slowly makes way into the mainstream, officials from the U.
2019-9-12 11:08 | |
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PNC Financial Services Group, Inc. has gone live with RippleNet on August 29, becoming the first-ever American bank to process cross-border payments, reported FintechFutures. The bank inked the deal with RippleNet in September 2018 and announced that its Treasury Management Unit would be using Ripple’s current software solution to carry out cross-border transactions.
2019-8-29 12:14 | |
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Information regarding crypto transactions exceeding $7,600 in value must be submitted to the National Treasury.
2019-8-3 20:30 | |
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U.S. Treasury Secretary Steven Mnuchin believes cryptocurrency transactions may pose certain risks to the financial system as they could potentially be used fund illicit activities such as money laundering and drug trafficking. Mnuchin’s recent comments...
2019-7-25 12:35 | |
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Министр финансов США Стивен Мнучин заявил, что через биткоин и другие криптовалюты проходят миллиарды долларов, вовлеченных в незаконную деятельность. По его мнению, поставщики услуг в сфере цифровых денег и традиционных финансовых услуг должны регулироваться одинаково.
2019-7-19 15:12 | |
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At 5. 34 PM UTC, Tether Treasury minted a massive amount of Tether, and the news spread like wildfire. Tether which was already speculated to carry out suspicious transactions was questioned for printing 5 billion USDT, an amount large enough to shake things for Bitcoin.
2019-7-14 11:30 | |
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Tax and Auditing firm PwC the launch of an updated auditing solution for clients who are in possession of cryptocurrency. The solution known as Halo will offer a full breakdown of the client’s crypto treasury.
2019-6-19 21:18 | |
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The infamous Bitfinex-Tether saga is far from cooling down after the oldest stablecoin, USDT, recorded a series of unusual fund movements to unknown wallets from its treasury. Whale Alert, the ever-observant Twitter handle which tracks significant cryptocurrency transactions, reported another movement by the controversial Tether.
2019-6-10 19:45 | |
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The prices of most cryptocurrencies spiked on May 26. However, the ongoing market trend raised several eyebrows, with respect to this sudden surge. Whale Alert, a tracker of large cryptocurrency transactions, flagged many large USDT transactions from Tether treasury, Bitfinex, and other unknown wallets.
2019-5-27 15:00 | |
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The cryptocurrency market saw a sudden surge in the prices of most cryptocurrencies, including Tron. However, this current surge in prices was followed by the large-scale movement of various coins.
2019-5-27 13:15 | |
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Whale Alert Informs Tether Treasury Performs ~$10 Million Transaction To An Unknown Wallet According to the Twitter account Whale Alert, which informs about large blockchain transactions, Tether’s (USDT) Treasury moved 9,890,100 USDT, worth close to the same amount in USD, to an unknown wallet.
2019-5-21 22:40 | |
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Despite the ongoing Tether and Bitfinex fiasco, USDT movement hasn’t waned. There are massive transactions that have been moving Tether between various exchanges and the Tether treasury. Two massive transactions involving Tether were recorded, moving in and out of Huobi, a Chinese exchange.
2019-5-11 06:30 | |
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The Financial Crimes Enforcement Network (FinCEN), a bureau within the U. S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.
2019-4-20 23:38 | |
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A transaction with a total of $13 million USDT was transferred from Tether’s treasury to two cryptocurrency exchanges: Huobi and Kraken. This was one of the most massive transactions of the currency so far.
2019-4-19 00:47 | |
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A total of ~$13 million USDT was transferred from Tether’s treasury to Huobi and Kraken exchange. These transactions together are among other massive amounts of USDT that are being moved in the crypto ecosystem.
2019-4-18 17:10 | |
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Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 “for operating an unlicensed money transmitting business.
2019-4-13 18:54 | |
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Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).
2019-4-12 22:03 | |
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By CCN. com: Hong Kong’s Secretary for Financial Services and the Treasury, James Lau, has clarified to the city-state’s Legislative Council that commercial transactions relating to Bitcoin mining devices are protected under the Trade Descriptions Ordinance.
2019-4-4 15:34 | |
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Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings.
2019-1-26 20:04 | |
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Venezuela Pushes Back Against US Sanctions On Their National Cryptocurrency Petro Earlier this week the US imposed sanctions that target a Venezuelan currency exchange network scheme that siphoned off billions of dollars to corrupt insiders of the Venezuelan government.
2019-1-10 17:46 | |
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For the first time, the U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has traced illicit bitcoin activity to the public addresses of two sanctioned individuals.
2018-11-29 21:41 | |
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Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela.
2018-11-28 19:29 | |
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Spain’s Ministry of the Treasury has identified 15,000 cryptocurrency investors it will monitor to prevent tax evasion and money laundering, according to local media reports. The ministry has vowed to ensure that the investors pay taxes on capital gains from digital currency transactions and that they declare any other benefits accrued from trading.
2018-11-22 04:10 | |
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The Japan-based SBI Remit has recently announced its collaboration with BitPesa for utilizing the latter’s digital treasury management solution to enable convenient transactions between Japanese merchants and African countries.
2018-9-27 15:14 | |
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From Washington to Moscow, cryptocurrencies have entered the agenda of those who share a vocation to rule and regulate. Following the congressional summer vacation, the House of Representatives passed a bill that will enable the Treasury to investigate crypto transactions, while a Congressman plans to introduce three drafts supporting the crypto industry.
2018-9-23 14:59 | |
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PNC Bank's Treasury Management division is to begin accepting cross-border transactions using Ripple's xCurrent product.
2018-9-19 16:59 | |
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