Cryptocurrency Analysis and News Portal
Sherman said at an SEC oversight hearing of one of the subcommittees of the House Financial Services Committee. He said the assets are "designed to be perfect means for hidden money, hence the term cryptocurrency, getting to the worst actors in the world." Source
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Reports of tens of millions of dollars in crypto going to fund Palestinian operations in Israel are likely “overstated,” Chainalysis said. The forensics outfit published a blog post arguing that flows of crypto financing to Hamas and affiliated groups have become inflated far beyond reality. While acknowledging that it was
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Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies.$873,118 worth of USDT linked to illicit activity in Israel and Ukraine have been frozen, according to announcement from the company. The action was taken in a
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According to those documents, the NBCTF confiscated in January an undisclosed amount of crypto from two accounts with alleged links to Daesh, a terrorist group based in Syria and Iraq. Other government records, dating as far back as 2021, allege more than 100 of the seized Binance accounts had ties
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Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred
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The group would be composed of representatives from the U.S. Treasury Department, Financial Crimes Enforcement Network (FinCEN), the Internal Revenue Services (IRS), the Office of Foreign Asset Control (OFAC), the FBI, the Drug Enforcement Agency, the Department of Homeland Security, the Department of Justice, the Department of State and the
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Lawmakers had already accepted amendments to a new bill to make it easier for law enforcement to target crypto and related property linked to crime. Original Source
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Cryptocurrencies are “a particular concern” when it comes to terrorist financing, potential Treasury Secretary Janet Yellen said Tuesday.Speaking at a Senate Finance Committee hearing on her anticipated nomination after President-elect Joe Biden takes office tomorrow, Yellen said the U.S. should be aware of emerging tools for terrorist financing.“The technologies to
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The Department of Justice has released a ‘first of its kind’ framework for policing the cryptocurrency space. Source
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The Washington Examiner published an excerpt of John Bolton’s new book detailing a dramatic scene in which President Trump told Treasury Secretary Mnuchin to go after bitcoin before tackling trade with China. This news follows a report from the Drug Enforcement Administration (DEA) showing how the agency failed to properly
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