U.S. Treasury – DIGIT INFO

Tornado Cash indictment fails to show ‘clear violation’ of certain laws: Coin Center

Coin Center research director Peter Van Valkenburgh argued that crypto mixer Tornado Cash is an anonymizing software provider, not a money transmitter.

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Binance helped US authorities freeze $4.4M linked to DPRK cybercrime orgs

Following “lawfully served warrants,” Binance worked to flag the accounts and tie up the funds.

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US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony

US treasury secretary yellen dollar sanctions

U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find alternatives to the U.S. dollar. U.S. Treasury Secretary Yellen Talks […]

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Coinbase supports new court action to remove Tornado Cash ban

The motion is part of a broader effort to restore internet privacy rights for U.S. citizens.

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Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?

The U.S. central bank’s liabilities may increase if more regional banks fail, creating an upside scenario for the price of Bitcoin.

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US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’

According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, […]

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FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds

The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both banks’ deposits were made whole under the “systemic risk exception” approved by the U.S. Federal Reserve and […]

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Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system. Russia Is Accused of […]

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Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions

Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects US Accusations as Unfounded, Sees No Legal Ground for Sanctions Leading Russian […]

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‘Being a Currency and a Security Are Not Contradictory,’ Crypto Can Be Both: Monetary Historian

Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins Franklin Noll, a U.S.-based monetary historian, has asserted that […]

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