FinCEN – DIGIT INFO

FinCEN Finds Increased Cryptocurrency Involvement in Human Trafficking

FinCEN Analysis Finds Increased Cryptocurrency Involvement in Online Child Sexual Exploitation and Human Trafficking Reports

The Financial Crimes Enforcement Network (FinCEN) has released an analysis that reports an alleged increase in the use of cryptocurrency in human trafficking cases. According to FinCEN, reports of cryptocurrency linked to these purposes grew from 336 in 2020 to 1,975 in 2021, an increase of almost 500%. FinCEN Alerts of Crypto Usage Linked to […]

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Swan Bitcoin to terminate customer accounts that use crypto-mixing services

Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations.

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Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought.

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Regulators around the globe assert more control over crypto: Law Decoded

From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets.

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FinCEN issues alert regarding crypto transactions connected to Hamas

The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups.

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Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate

The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.”

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Bittrex withdrawals set to resume after bankruptcy court gives green light

The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC.

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US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC.

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Crypto-related enforcement actions by US states rose sharply in 2022: Report

There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins.

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Report: Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure

Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System Advances, Adding Cryptocurrency Later […]

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