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US Financial Crimes Watchdog Preparing ‘Significant’ Crypto Rules, Warns Treasury Secretary Mnuchin

David Exchanges, News 0

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) is preparing to unveil new regulations around cryptocurrencies, Treasury Secretary Steven Mnuchin said Wednesday.Speaking during a hearing before the Senate Finance Committee, Mnuchin said FinCEN, the nation's financial crimes watchdog, is preparing to roll out some "significant new requirements" around cryptocurrencies,

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Financial Crimes Enforcement Network Head: Crypto Exchanges Must Verify Identities

boss Cryptocurrency Market, News 0

In a conference hosted by the blockchain analysis company Chainalysis, the Director of Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco stated that the U.S government will be observing a strict implementation of the “Travel Rule.”According to the “travel rule,” any entity engaging in cryptocurrency exchange is required to share their

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Australian Home Affairs Minister Says Terrorists Use Crypto to Obfuscate Crimes

boss Cryptocurrency Market, News 0

The Australian Minister of Home Affairs Peter Dutton warned that terrorists are exploiting cryptocurrencies to “fund their deadly missions.”During a counter-terror conference in Melbourne on Nov. 7, Dutton said that the anonymity of cryptocurrencies allow extremists to avoid scrutiny. He stated that the increased use of digital currencies, stored-value

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