The Financial Crimes Enforcement Network (FinCEN) wants Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial or virtual asset service providers. It has been reported that FinCEN announced its intention to amend the Bank Secrecy Act’s Foreign Bank and Financial Accounts (FBAR) regulations in a rulemaking notice published on New Year’s Eve. The report stated: “FinCEN intends to propose to amend the regulations implementing the Bank Secre

Coinbase, the US-based cryptocurrency exchange, said that a 15-day notice-and-comment period for Treasury’s Financial Crimes Enforcement Network (FinCEN’s) new crypto rules is not enough. It has been reported that Paul Grewal, the Chief Legal Officer of Coinbase, addressed in a blog post that FinCEN’s newly released rulemaking regarding self-hosted crypto wallets, as the blog post represents an open letter to Kenneth Blanco, the Director of FinCEN. However, in the letter, Gre

Financial Crimes Enforcement Network (FinCEN), the US government agency, has issued a notice on cybercrime occurring during COVID-19. On July 30, FinCEN stated: “Many illicit actors are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic.” The agency added: “This advisory contains descriptions of COVID-19-related malicious cyber activity and scams, associated financial red flag indicators, and information on reporting suspicious activity.” It ha

Chainalysis is rolling out a global compliance solution for Tether (USDT), as the stablecoin’s issuer is now able to identify “high risk” transactions occurring on its network. Tether to Track Stablecoin Network Activity With Chainalysis Suite Tether has partnered with Chainalysis to track possibly illicit activities… – https://t.co/2t4t6GFaTv #Qrcode #Decentralized #Blockchain #Income #Options #SMM #Capital #Transaction #Value #Information pic.twitter.com/xnJUl5vxTk — Smart