The ongoing investigation into the Binance crypto exchange has uncovered shocking news. U.S. law enforcement agencies have investigated the crypto exchange for allegedly not complying with sanctions a...
Tag: FinCEN
Binance Named as Counterparty in FinCEN Order Against Bitzlato
“Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s top three receiving counterparties, by tota...
FinCEN Cracks Down On DeFi
The post FinCEN Cracks Down On DeFi appeared first on Coinpedia Fintech News The US Financial Crimes Enforcement Network (FinCEN) is considering adopting stricter measures for decentralized finance (D...
Twitter subsidiary registers with FinCEN as a money services business
Social media giant Twitter appears to be moving deeper into the payments business, as reflected by a registration filed this month with the U.S. Financial Crimes Enforcement Network (FinCEN). Tw...
OFAC And FinCEN Charged Bittrex Exchange For Over $53 Million
Treasury’s Foreign Asset Control (OFAC) and Financial Crime Enforcement Network (FinCEN) have set charges against the Bittrex crypto exchange for violating anti-money laundering rules and the other U....
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.” The United States De...
FinCEN fines crypto exchange Bittrex $29 million over Bank Secrecy Act violations
After conducting a civil enforcement investigation, the United States Financial Crimes Enforcement Network (FinCEN) has imposed a monetary penalty against the cryptocurrency exchange Bittrex over viol...
U.S. Treasury and FinCEN Hit Crypto Exchange Bittrex With $53,000,000 in Fines for Two Offences
Crypto exchange Bittrex is settling with the U.S. Treasury and the Financial Crimes Enforcement Network (FinCEN) to the tune of $53 million. According to a press release, the Treasury’s Office of Fore...
FinCEN Alerted Financial Institution For Russia’s Crypto Activities
49 mins ago | 2 mins read Editors News Financial institutions support the U.S and international efforts to weaken Russia. Russian government using CVCs to evade widespread sanctions. The Bureau of Ind...
Huobi Expansion Highly Likely After It Receives FinCEN License
The United States expansion for Huobi has gone a step further. This is valid as HBIT secures its MSB (Money Service Business) license from the US FinCEN (Financial Crimes Enforcement Network). HBIT is...
Global Top-10 Crypto Exchange Moves Closer to US Entry After Securing FinCEN License
Crypto exchange Huobi says its brokerage subsidiary has received the Money Services Business Registration License (MSB) from the US Financial Crimes Enforcement Network (FinCEN). In a statement, the S...
Huobi Obtains FinCEN License to Move Step Closer to US Expansion
According to reports, the MSB license grants HBIT the approval to transmit money and operate as a fiat currency exchange. The United States Financial Crimes Enforcement Network (FinCEN) has finally gr...
What Does the US FinCEN License Mean for Huobi?
Huobi’s subsidiary, HBIT, has received a license from the US Financial Crimes Enforcement Bureau’s (FinCEN) Money Services Business Registration (MSB). This will help the cryptocurrency exchange to co...
Huobi receives a FinCEN license in the US 1
Popular crypto exchange, Huobi is gearing up to enter the United States of America after the firm was confirmed as a recipient of a FinCEN license. According to the update, a sister arm of the company...
US expansion for Huobi a step closer after it secures a FinCEN license
A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN). The Seych...
Huobi eyes US expansion with new FinCEN license
Huobi said July 5 that its subsidiary HBIT received a license from the U.S. Financial Crimes Enforcement Bureau’s (FinCEN) Money Services Business Registration (MSB) to operate in the country. The li...
Blockchain Startup FQX announces the appointment of James Freis, former Director of FinCEN, as Regulatory Technology Officer to compose Programmable Debt offerings
Zurich, May 6th, 2022 – Blockchain startup FQX, known for their eNote, a blockchain-based debt instrument, has appointed James H. Freis, Jr. as their new Regulatory Technology Officer. Mr. Freis draws...
FinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be i...
FinCEN Needs More Oversight But Congress Needs To Fix The Bank Secrecy Act
Natalie Edwards leaves Federal court Wednesday, Jan. 30, 2019, in New York. Edwards, a senior … [+] official at the department’s Financial Crimes Enforcement Network, also known as FinCEN,...
FinCEN Warns Russia Not To Use Cryptocurrency To Evade Sanctions
The FinCEN, an agency of the US treasury department, has informed all financial institutions that Russia may likely consider using cryptocurrency to evade sanctions associated with its military activi...
Andreessen Horowitz Appoints FinCEN Exec Michele Korver as Head of Regulatory
Andreessen Horowitz, a U.S. Venture capital firm, also known as a16z, announced Tuesday for the appointment of Michele Korver, an official at the U.S. Treasury’s Financial Crimes Enforcement Network (...
Andreessen Horowitz Hires Michele Korver, Former FinCen Advisor
Andreessen Horowitz announced that Michele Korver joined a16z. Michele is the new Head of Regulatory at a16z. Andreessen Horowitz is a well-known venture company that founded in 2009 by Marc Andreesse...
FinCEN Chief Digital Currency Adviser Korver Departs for A16z as Head of Regulatory
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Fears of Using Crypto to Evade Sanctions Prompts FinCEN to Alert Financial Institutions
FinCEN has advised crypto trades and banks to be aware of the dubious development of crypto While it’s improbable that approvals forced on Russia will prompt huge scope crypto-centered avoidances, car...
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency – Regulation Bitcoin News
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it ...
Russia may attempt to evade sanctions through crypto, warns FinCEN
The US Financial Crimes Enforcement Network, or FinCEN, a Treasury Department division, has warned financial institutions that cryptocurrency might be used by Russia. They suspect Russia will use cryp...
FinCEN includes crypto in alert on Russia potentially evading sanctions
The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a possible means Russia may attempt to u...
Treasury Has Self-Hosted Wallets And Adding Crypto To BSA On 2022 Agenda
First reported by CoinDesk, the Semiannual Agenda and Regulatory Plan of the U.S. Department of the Treasury, which includes the most important regulations that are expected to be issued, indicate two...
FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools
In the upcoming tech sprint, which doesn’t yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectivenes...