FinCEN

Travel Rule

Why FinCEN Wants Details on All Cross-Border Transactions Over $250

Ian AllisonNov 16, 2020

At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.

Zcash

ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns

Brady DaleNov 10, 2020

XMR, DASH and ZEC "were delisted at the same time for the same reason – to further derisk the company from a regulatory standpoint."

Crypto Wallets

Industry Pros Weigh In on Rumors of New Crypto Wallet Regulations

Ian AllisonNov 27, 2020

From shorter consultations to insider comments, recent rumors about U.S. regulation of private crypto wallets have some compelling context.

TRM Labs

PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser

Ian AllisonOct 26, 2020

TRM Labs, a blockchain analytics firm with backing from PayPal, is adding Ari Redbord as its head of legal and government affairs.

Federal Reserve

US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise

Nikhilesh DeOct 23, 2020

The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included.

FinCEN

Bitcoin Mixers

FinCEN Fines Bitcoin-Mixing CEO $60M in Landmark Crackdown on Helix, Coin Ninja

Danny Nelson

Larry Dean Harmon ran the first bitcoin mixing services targeted with criminal allegations by U.S. authorities.

Cybersecurity

FinCEN Warns on Ransomware Attacks, Notes Increased Targeting of Government Entities

Jaspreet Kalra

Ransomware attackers use malicious software to block access to data and demand ransom in return, oftentimes deploying the threat to make proprietary data public.

Scams

FinCEN Warns on Coronavirus Scams Demanding Crypto

Jaspreet Kalra

FinCEN is warning cybercriminals are exploiting the COVID-19 pandemic, and asks firms to be especially vigilant regarding their dealings with virtual currencies.

FinCEN

Less Than 1% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned Crypto

Paddy Baker

More than 70,000 crypto-related SARs had been filed with FinCEN since 2013, director Kenneth Blanco said Wednesday.

Bitget

Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

Paddy Baker

Singapore-based Bitget has registered with the U.S. Treasury Department as a money services business, the first step to launching operations in the country.

Canada

Canada’s Financial Crimes Watchdog Gets Ready for FATF Compliance

Danny Nelson

Canada’s financial crimes watchdog is preparing to implement its broad new virtual currency oversight powers ahead of the Financial Action Task Force’s June 2020 deadline.

FinCEN

US Financial Crimes Watchdog Preparing ‘Significant’ Crypto Rules, Warns Treasury Secretary Mnuchin

Nikhilesh De

U.S. Treasury Secretary Steven Mnuchin said FinCEN is preparing "significant new requirements" around cryptocurrencies to tamp down illicit activity.