FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges

FinCEN to Impose New Regulation for Crypto Holdings at Foreign ExchangesThe Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on Thursday regarding a […]

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US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research Institutions

US Treasury Warns of Increasing Ransomware Campaigns Against Coronavirus Vaccine Research InstitutionsThe U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing Schemes Targeting Covid-19 Vaccine Research Institutions According to the alert, FinCEN says that fraud, ransomware attacks, and “similar types […]

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Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’

Veteran Analyst Says BTC Might See Further Correction but 'Prices Have Not Topped'Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this […]

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Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin

Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in BitcoinBitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to […]

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Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out Soon

Treasury Secretary Mnuchin Gives Testimony on Cryptocurrency, New Regulations Rolling Out SoonU.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: […]

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VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet

VERDAD is the Most Dangerous Crypto Bill to Face Congress YetThe U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time a specific crypto has been deemed illegal for Americans at home or abroad to use. […]

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US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

US Sanctions Moscow-Based Bank Evrofinance Over Involvement With PetroThe U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The […]

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