FinCEN

FinCEN Hires DOJ Crypto Czar as First ‘Chief Digital Currency Advisor’

Michele Korver will advise FinCEN Acting Director Michael Mosier on cryptocurrency's role in financial crime.

Policy & regulation  ·  6 July 2021

Republican Senator Asks FinCEN to Reconsider Controversial Crypto Rule

The FinCEN rule, proposed under former President Donald Trump, needs to be revisited, Sen. Pat Toomey said Thursday.

Policy & regulation  ·  10 June 2021
Newsletters

State of Crypto: Ransomware Is a Crypto Problem

The crypto industry needs to pay attention to – and help fight – the growing ransomware threat.

Policy & regulation  ·  8 June 2021
Privacy

US Financial Surveillance Agency Wants to Know More About Privacy Tech

The Treasury Dept. agency is asking privacy focused companies to participate in a virtual event aimed at boosting its understanding of privacy tech.

News  ·  27 May 2021
Donald Trump

FinCEN’s New Head Says Controversial Trump-Era Crypto Proposal Is Still Pending

"Nothing's been decided," says Michael Mosier, the former Chainalysis counsel who became acting head of the financial crime-fighting agency this year.

Policy & regulation  ·  27 May 2021
Exchanges

Crypto Long & Short: Bitcoin Outflows Aren’t the Bullish Signal You Think They Are

Exchange flows shift as tether continues to replace bitcoin, building quote currency dominance in altcoin trading.

Markets  ·  4 April 2021
Chainalysis

FinCEN Names Former Chainalysis Executive Acting Director as Blanco Resigns

Governments are becoming increasingly interested in crypto transaction surveillance, as FinCEN's hire suggests.

News  ·  2 April 2021
Newsletters

State of Crypto: FATF’s New Guidance Takes Aim at DeFi

The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.

Policy & regulation  ·  30 March 2021
Surveillance

Civil Liberties Group Calls FinCEN Crypto Wallet Rule ‘Unconstitutional’

The nonprofit said FinCEN's proposed rule "represents a radical extension of ... financial surveillance of innocent Americans."

News  ·  30 March 2021
Coinbase

Coinbase Calls Out Binance as It Bemoans Compliance Burden

Due to a lack of enforcement on the part of authorities, offshore crypto exchanges sell unregulated services to U.S. consumers "seemingly without penalty."

Business  ·  26 February 2021
Wallets

FinCEN’s Wallet Rule Aims to Close Crypto-Cash Reporting Gap, Official Says

FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.

Policy & regulation  ·  1 February 2021
Cryptocurrency

State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy

Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.

Policy & regulation  ·  26 January 2021
FinCEN

FinCEN Further Extends Comment Period for Controversial Crypto Rules

The industry now has 60 days to provide feedback on the proposal.

Policy & regulation  ·  26 January 2021
Newsletters

State of Crypto: What the Crypto World Should Watch for in the Biden Era

The incoming president has already announced he would tap pro-crypto, pro-regulation Gary Gensler to lead the SEC, but a number of other names and issues remain outstanding.

Policy & regulation  ·  19 January 2021
Wallets

DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’

“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets," wrote Judge Zia Faruqui in an opinion on a forfeiture case.

News  ·  14 January 2021