FinCEN – Page 13 – DIGIT INFO

FinCEN Receives More Than 1,500 Crypto-Related Complaints Every Month

The US Financial Crimes Enforcement Network receives over 1,500 suspicious activity reports (SARs) related to cryptocurrencies, the agency’s director has revealed. The majority of them come from money service businesses (MSBs), stakeholders in the digital currency industry and other financial institutions. The director also noted that the agency has been working with other government agencies […]

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US Government to “Aggressively Pursue” Unregulated Services Around the World

Two common complaints among crypto traders are that platforms which didn’t before are now demanding identification documents and that more venues close their doors to residents of some countries. While users naturally lash out at the companies, it is important to remember that this is often done under coercion or threat by regulators. The US […]

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Cryptos See Widespread Green, But Total Market Cap Remains Close to 3-Month Low

The market picture: virtually all top 100 cryptos see green on the day, though total market cap remains close to its 3-month low

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Poloniex Is Officially in Trouble After Ignoring Hoards of Complaining Customers

Poloniex is in trouble — after the exchange failed to handle customer complaints, the DoJ steps in

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U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

U.S. Regulations Round-Up: CFTC Can’t Keep Pace With Crypto, Libertarian Candidate Accepts Bitcoin Donations In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the […]

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Wikileaks Calls for Global Blockade of Coinbase After Its Shop Was Blocked

Wikileaks announced that Coinbase has blocked its official Wikileaks shop without notice or explanation. The organization will all for a global blockade of the cryptocurrency exchange and payment processor “as an unfit member of the crypto community.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coinbase Quits Wikileaks Wikileaks announced on Friday that “Coinbase […]

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At DC Hearing, Coinbase Calls Out Federal Regulators For ‘Harming Innovation’

Coinbase’s Chief Legal and Risk Officer called on regulators to avoid missteps towards crypto’s ‘tremendous potential’. #NEWS

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FinCEN Labels ICOs and ICO Token Trading Platforms as Money Transmitters

It seems a very important piece of news has flown under the radar of cryptocurrency enthusiasts and experts. In a letter from February, FinCEN makes it clear they do not take kindly to ICOs or any platforms supporting this business model. In fact, they would prefer if all ICOs registered as money services businesses. It’s an interesting approach that could easily destroy the ICO industry as we know it today. FinCEN and ICOs Don’t Mix Well The main objective of FinCEN is to boost innovation in the financial sector. As such, they are keeping a rather open mind toward cryptocurrencies, even though

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