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Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns. The U.S. Treasury-licensed Enrolled … Read more
What can we make of President Trump’s move to deploy the Secret Service in the fight against financial crimes? Go to Source Powered by WPeMatico
U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations focusing on transparency will be rolled out soon. Also read: … Read more
The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts to combat threats including from cryptocurrency. Also read: Bitcoin, Tesla … Read more
The deputy director of FinCen says social media platforms should have the same AML compliance responsibilities as traditional financial actors Go to Source Powered by WPeMatico
Monero deems compliance to be the responsibility of exchanges, not cryptocurrencies Go to Source Powered by WPeMatico
FinCEN’s director says increased adoption of reporting guidelines for crypto businesses has led to an uptick in the number of suspicious activity reports filed Go to Source Powered by WPeMatico
FinCEN Director said that Anti-Money Laundering laws will be strictly enforced in the world of crypto Go to Source Powered by WPeMatico
How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference Go to Source Powered by WPeMatico
The director of FinCEN says that Anti-Money Laundering laws apply to everyone, including firms offering anonymous cryptocurrency services Go to Source Powered by WPeMatico
