FinCEN has proposed requiring exchanges to collect and report KYC information on unhosted wallets for transactions up to $10,000.
FinCEN has posted a pair of job listings for crypto policy advisers amid rumors that new regulations around wallets will arrive soon.
The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000.
The Treasury Department wants state and federal regulators to keep a vigilant watch on digital asset innovation.
“It’s something we’re studying … [T]his is really a decision which sits as much with the Fed as it does with Treasury,” said Deputy Secretary Justin Muzinich.
The U.S. Treasury Department's Office of Foreign Asset Control has added two individuals and 20 bitcoin addresses to its sanctions list, accusing them of being part of the North Korea-affiliated Lazarus Group.
