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The UK set to explore Britcoin, a Bank of England-backed CBDC

The United Kingdom is planning to test the practicability of a central bank-issued digital currency. A report unveiled this news on April 19, noting that the coin is named Britcoin. Reportedly, the Bank of England (BoE) joined hands with HM Treasury to form a task force to work on the Britcoin project, which aims to […] The post The UK set to explore Britcoin, a Bank of England-backed CBDC appeared first on Invezz. дальше »

2021-4-20 12:21


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How Janet Yellen’s Position As Treasury Secretary Will Shape The Crypto Industry

The United States has recently welcomed some new members into different government positions, alongside its new President Joe Biden. But two roles; the role of the SEC chairman, (a position which is to be handled by Gary Gensler) and the role of Treasury Secretary (which has now been handed over to Janet Yellen) stand out […] дальше »

2021-1-28 16:57


FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies

The Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury shared its intent to amend the FBAR for cryptocurrencies. The official document “Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency” notes that currently, FBAR regulations do not define a foreign account holding virtual currency […] The post FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies first appeared on BitcoinExchangeGuide. дальше »

2021-1-3 19:13


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CoinCenter Pushes to Extend Public Comment Period and Slow Down New FinCEN Rule Finalization

The Executive Director of CoinCenter, Jerry Brito, has revealed that he is working with people in Congress to get some letters sent to the United States Secretary of Treasury, Steven Mnuchin, requesting the extension of what he says is a “rushed” comment period as per an update on Dec 28. The New Currency Reporting RuleRead More дальше »

2020-12-31 22:01


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U.K. strengthens consumer protection laws for Bitcoin and crypto ads

Cryptocurrency firms advertising to United Kingdom citizens will be governed by legal regulations for marketing their products, as per Her’s Majesty Treasury announcement Monday Crypto ads to be scrutinized  The HM Treasury is weighing a proposal for “better” consumer protection for users of cryptocurrencies and similar products. дальше »

2020-7-22 08:00


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Tether Treasury Prints 63 Million USDT As Bitcoin Crashes Below $6,000; Relief In Sight?

The crypto markets have continued sliding on the second day, with bitcoin (BTC) dropping below $6,000 amid a global market downturn caused by the gruesome coronavirus. The sell-off in the stock markets intensified after President Trump announced a 30-day suspension of travels from Europe to the United States starting from this Friday at midnight. Bitcoin, […] дальше »

2020-3-13 16:40


The U.S. government’s approach to crypto regulations hinges entirely on the 2020 election

The United States government underneath President Trump has taken an aggressive approach to the crypto markets, with the President himself claiming that he is “not a fan of” Bitcoin, while the Treasury secretary claimed that the lack of regulations surrounding the nascent technology constitutes a “national security” issue. дальше »

2020-2-19 04:47


XRP Ripple Breaks Above $0.3000 while the US Senate Debates Crypto Security

The US Senate Debates 2020 Budget and Global Regulations: In the meantime, across the ocean, in the United States, the Senate held a detailed analysis of the upcoming 2021 budget volume and at this event, the US Treasury Secretary Steven Mnuchin was asked by senior members in what manner will the United States Treasury increase […] The post XRP Ripple Breaks Above $0. дальше »

2020-2-18 16:55


Trump’s Administration Budget Proposal Could Give US Treasury More Power Over Crypto

In the 2021 financial year budget proposed by the Trump Administration which was released early this week, it’s clear of their intention in regards to crypto regulations. They are looking to expand the treasury’s role in cryptocurrency oversights by bringing back the United States Secret Service, now under the DHS, back to its jurisdiction. The […] дальше »

2020-2-11 18:57


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U.S. Treasury Sanctions Notorious North Korean Hacking Groups 

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed strict sanctions on “Lazarus,” “Bluenoroff,” and “Andariel,” three North Korean state-run hacking groups that have allegedly hacked several bitcoin trading venues, banks and other financial institutions, in an effort to fund the region’s nuclear weapons and ballistic missile programs, reportsRead MoreRead More. дальше »

2019-9-16 17:00


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Facebook: Libra Cryptocurrency Faces Strict Regulatory Standards from U.S. Treasury

United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019. дальше »

2019-9-11 16:16


Three drug lords have their Bitcoin and Litecoin addresses blacklisted by US Treasury

OFAC and FinCEN announced a coordinated effort to sanction three Chinese nationals for an international drug trafficking operation with profits laundered via Bitcoin and Litecoin. The culprits, identified as Xiaobing Yan, Fujing Zheng, and Guanghua Zheng, were accused of manufacturing and distributing lethal narcotics. дальше »

2019-8-23 04:25


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United States: OFAC Prioritizes Cryptocurrency Regulation and Enforcement 

The United States Department of Treasury’s Office of Foreign Assets Control (OFAC) has shown a rekindled interest in regulating the cryptocurrency industry and enforcing the guidelines. The agency has hinted that regulating the cryptospace has become its top priority, and it could use an aggressive approach to sanitize the industry, reports Mondaq on August 13,Read MoreRead More. дальше »

2019-8-14 09:00