Tags: FinCEN

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.

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.

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

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

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.”

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

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

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.

FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato.

Bitzlato is accused of laundering $700 million by U.S. authorities.