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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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Treasury Secretary Mnuchin & Fed Chair Powell: No Plans for National Cryptocurrency

boss Cryptocurrency Market, News 0

According to Treasury Secretary Steven Mnuchin, the U.S. government sees no use of diving into cryptocurrency anytime soon.Mnuchin was speaking at the House Financial Services Committee in Washington. The decision to not creating a national digital currency comes after a discussion with Jerome Powell, Chairman of the Federal Reserve. The

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US Treasury Under Secretary: Facebook Libra Must Uphold Strict Regulations

boss Cryptocurrency Market, News 0

If Facebook’s crypto project Libra wants to survive in the US, it must ensure building a system that does not let criminals hide, and that is capable of tackling problems associated with terrorism funding and money laundering, said the US Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, on

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US State Secretary Pompeo: Same Regulatory Framework to Crypto as SWIFT Is Required

boss Cryptocurrency Market, News 0

U.S. Secretary of State Michael Pompeo expressed his belief that cryptocurrencies and other crypto assets should be regulated in the same way that SWIFT and other financial institutions are. He made these comments in an interview with CNBC’s Squawk Box on Tuesday (transcript).Regulation of crypto assets has been a hot

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