Cryptocurrency Analysis and News Portal
A central bank digital currency (CBDC) may turn out to be the “single largest assault to financial privacy since the creation of the Bank Secrecy Act,” a policy analysis document released by CATO Institute has said. To stop the U.S. Federal Reserve and Treasury from threatening the financial system with
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Sweeping Crypto Regulation? First Update the Bank Secrecy Act Source
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Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline U.S. v. Hayes et al. goes on for two years, with BitMEX management being indicted for violating the
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Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million. Bitmex’s Arthur Hayes Sentenced The U.S.
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Summary: Bitmex founder, Arthur Hayes, will not spend a single day in jail for violating the U.S. Bank Secrecy Act. Mr. Hayes has been sentenced to two years probation with the first six months in home confinement. Arthur Hayes also agreed to forfeit $10 million in a plea deal. However, the assistant U.S. attorney
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The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said the U.S. Department of Justice. Bitmex’s Founders
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The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ).American Arthur Hayes and British Hong Konger Benjamin Delo admitted to “willfully failing to establish, implement, and maintain an anti-money laundering (AML) program” at
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Two months away from launch, Microsoft has yet shared a price or firm release date for the Xbox Series X. In response to fans voicing their concerns, Xbox UK’s marketing head is asking for patience. Sony remains as tight-lipped about its PS5 release plans. As the Xbox Series X launch this November looms
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Following a recent argument presented by David Murray, a human-trafficking expert, we can’t help but wonder if this is a regulatory scheme or an outright ban on a whole technology.In a written document delivered before a hearing on human trafficking at the Subcommittee on National Security and International Trade and
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The Financial Integrity Network (FIN) — a Washington D.C.-based advisory firm — has urged the United States Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act (BSA).Virtual asset service providers should be regulated under BSAIn a copy of FIN testimony published ahead of a hearing
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