Friday, February 23, 2024
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U.S. Treasury Campaigning for Amplified Powers to Chase Crypto, Tether (USDT) Overseas

Lawmakers should also beef up the department's powers under the Bank Secrecy Act (BSA), allowing for the "targeting of cryptocurrency entities and services that facilitate funding for terrorists," the proposal said. It calls for a new category of financial institutions under the BSA that would include "cryptocurrency exchanges, Virtual Asset

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Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website

Treasury's Office of Foreign Assets Control, or OFAC, designated two Bitcoin addresses and two email addresses tied to Sinbad, banning all U.S. persons and anyone who transacts with the global financial system from interacting with the addresses in future. Source

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U.S. CFTC to aggressively pursue crypto exchanges that violate trading laws

U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero said the regulator will continue to pursue cryptocurrency exchanges that break the law. In a statement quoted by Business Insider, the commissioner emphasized that “there are no pirate ships in US markets” and that “access to American customers is a privilege,

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Bitfarms secures $44m from U.S. investors to boost Bitcoin mining ops

Bitfarms announces a $44 million private placement with U.S. investors to expand its Bitcoin mining infrastructure and strengthen its working capital. Bitfarms Ltd., a Canadian Bitcoin mining company, has initiated a private placement deal with U.S. institutional investors to raise approximately $44 million ($60 million CAD). This strategic deal, set to

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Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan

This shift toward regulated crypto companies and products is positive as more regulation will help attract investors from traditional finance, the note said, adding that the involvement of large asset managers such as Blackrock (BLK) and Fidelity in the approval of spot bitcoin ETFs by the Securities and Exchange Commission

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