Swan Bitcoin to terminate customer accounts that use crypto-mixing services
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. Go to Source
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Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown
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. Go to Source
Regulators around the globe assert more control over crypto: Law Decoded
From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets. Go to Source
FinCEN issues alert regarding crypto transactions connected to Hamas
The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups. Go to Source
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
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.” Go to Source Powered by WPeMatico
Bittrex withdrawals set to resume after bankruptcy court gives green light
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC. Go to Source Powered by WPeMatico
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC. Go to Source Powered by WPeMatico
Crypto-related enforcement actions by US states rose sharply in 2022: Report
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. Go to Source Powered by WPeMatico
Report: Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure
Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System Advances, Adding Cryptocurrency Later … Read more
FinCEN lists Binance among the top Bitcoin counterparties of Bitzlato
FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato. Go to Source Powered by WPeMatico
