Michael Mosier will replace Kenneth Blanco as the U.S. government agency’s acting director.
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Category: FinCEN
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US Treasury’s Proposed Crypto Wallet Rule Is Unconstitutional, Warns Civil Rights Group
The New Civil Liberties Alliance has objected to FinCEN’s proposed crypto wallet rule, calling it “unlawful.” In addition, the group says that the U.S. Treasury’s “planned ‘crackdown’ on cryptocurrency holders’ private wallets is an unconstitutional power grab.” FinCEN’s Proposed Crypto Wallet Rule Is Unlawful, Says NCLA The New Civil Liberties Alliance (NCLA), a nonpartisan, nonprofit […]Powered by WPeMatico
Proposed FinCEN rule is a ‘grave threat to personal privacy,’ says Coin Center
In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions.
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Powers On… The battle for digital asset supremacy and the consequences of U.S. capitulation
Why is the U.S. dragging its heels on crypto and blockchain regulation, as the rest of the world forges ahead with financial innovation?
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Amid hiring spree, Blockchain Association adds Token Taxonomy Act guru to team
The former aide to Representative Davidson will join crypto’s leading trade association.
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US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail
An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia […]Powered by WPeMatico
Crypto industry jumps into lobbying in response to FinCEN
The Blockchain Association’s ranks swell as firms look to aid their work in keeping crypto transactions peer-to-peer.
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The United States updates its crypto AML/CFT laws
The U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space?
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Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review
New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced. FinCEN’s Crypto Wallet Proposal Frozen, Pending Regulatory Review Joe Biden, the 46th president of the […]Powered by WPeMatico
President Biden freezes FinCEN’s proposed crypto wallet regulations
President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry.
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