At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.
XMR, DASH and ZEC “were delisted at the same time for the same reason – to further derisk the company from a regulatory standpoint.”
The age-old question “quis custodiet ipsos custodes” crops up in force in today’s Law Decoded.
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it’s time to look at how U.S. AML law is shifting to cope with crypto.
The proposed change would cut down FinCEN’s longstanding $3,000 threshold.
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included.
These week’s news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress.
Larry Dean Harmon ran the first bitcoin mixing services targeted with criminal allegations by U.S. authorities.
FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations.
Ransomware attackers use malicious software to block access to data and demand ransom in return, oftentimes deploying the threat to make proprietary data public.