FinCEN Financial News

14.11 / 10:53

FinCEN services Swan Bitcoin to Block Accounts Interacting with Coin Mixing Services

Swan Bitcoin, a California-based Bitcoin services platform, announced recently that it would terminate accounts of users directly interacting with mixing services.

14.03 / 07:33

Digital Bill hamas FinCEN reports Investigations International US FinCEN Investigates $165 Million Crypto Transactions Tied to Hamas

The US Financial Crimes Enforcement Network (FinCEN) is probing into the $165 million worth crypto transaction linked to Hamas, per Wall Street Journal.

14.11 / 12:13

Blockchain regulation Bitcoin Regulation FinCEN Bitcoin services Customer Swan Bitcoin to terminate customer accounts that use crypto-mixing services

Bitcoin (BTC) services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks.

11.11 / 03:27

regulation Circle Congress Terrorism TRON FinCEN Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

Nonprofit ethics group Campaign for Accountability (CfA) sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown on Nov. 9 to present them with information on the alleged use of cryptocurrency in money laundering. The letter discussed the Tron blockchain and stablecoin issuer Circle in particular.

07.11 / 23:15

SEC coinbase crypto regulation FinCEN safemoon Bitcoin Etf Crypto Adoption Weekly Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal

The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection and financial stability, as crypto regulation evolves worldwide.

20.10 / 20:15

regulation Terrorism FinCEN Bitcoin Wallet FinCEN issues alert regarding crypto transactions connected to Hamas

The United States Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, issued an alert for financial institutions as part of efforts to identify “suspicious activity” related to funding terrorist groups.

19.07 / 18:35

regulation Decentralization Congress ATM legislation FinCEN U.S. Crypto security Bipartisan bill to regulate DeFi, crypto security risks introduced into US Senate

United States Sen. Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). According to a news release on Reed’s website, the bill is titled the Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Act.

16.06 / 05:28

business Department Of Justice Bittrex FinCEN Withdrawals Bittrex withdrawals set to resume after bankruptcy court gives green light

Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the United States Bankruptcy Court for the District of Delaware. The decision does not settle the question of the subordination of U.S. government claims, which had led to objections against its plan.

08.06 / 18:33

business Government Department Of Justice FinCEN Bankruptcy US DoJ Customers US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) is Bittrex’s biggest creditor, but its claim would be subordinated under the Bittrex proposal.

03.02 / 00:53

CFTC regulation SEC FinCEN Crypto-related enforcement actions by US states rose sharply in 2022: Report

The number of crypto-related enforcement actions in the United States grew notably in 2022, according to a survey released by blockchain risk monitoring firm Solidus Labs. Both federal and state regulators broke records for enforcement actions.

06.09 / 03:01

Law regulation crimes FinCEN Prison Bitcoiner sentenced to federal prison warns users involved in OTC trading

Mark Alexander Hopkins, also known by the moniker ‘Doctor Bitcoin’ or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing the sentence in their case to social media followers.

08.03 / 01:29

regulation FinCEN FinCEN includes crypto in alert on Russia potentially evading sanctions

The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a possible means Russia may attempt to use to evade sanctions related to the country’s military action in Ukraine.

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