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Tag Archives: FinCEN

Binance Announces Resolution with US Agencies, Shares Compliance Improvement

Binance says it has agreed to a robust monitorship for its compliance and sanctions control programs. Popular crypto exchange Binance has revealed that it has made significant progress with regulators. This follows after its recent run-in with regulatory bodies such as the US Securities and Exchange Commission (SEC) and the (CFTC). In a Tuesday blog post, the exchange acknowledged that it may have done things a bit wrongly in the past. That is, it may have not considered how quickly it was...

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Jack Dorsey Isn’t a Fan of New Crypto Regulations

Jack Dorsey, the CEO of both Square and Twitter, isn’t a fan of any incoming cryptocurrency regulations.Jack Dorsey Isn’t in Favor of New Crypto RulesThis makes sense considering Square, one of his firms, recently purchased roughly $50 million in bitcoin a few months ago to become one of the first institutional enterprises to openly support bitcoin and hold such a large stake in it. It’s likely that Dorsey doesn’t want to take a hit for this purchase.However, in an open-word letter to the...

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#996 Bitcoin-Bar Room77 muss schließen, Ethereum Staking & Rekordstrafe Bitcoin Mixer

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 996. Im heutigen Video geht’s um folgende Themen: Berliner Bitcoin-Bar Room77 muss schließen, Ethereum Staking live in wenigen Wochen & Rekordstrafe für Bitcoin Mixer. 1.) Berliner Bitcoin-Bar Room77 muss schließen: Gäste schwelgen in Erinnerungen 2.) Ethereum 2.0: Geht das lang ersehnte Update in...

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U.S. Cryptocurrency Act of 2020 Introduced by Congressman Paul Gosar

A new more detailed version of the U.S. Cryptocurrency Act has been officially presented by Paul Gosar.The U.S. Cryptocurrency Act of 2020 has been introduced at the Congress. Sources say that Rep. Paul Gosar has presented the act alone. Co-sponsors usually do this together.As per the Act, digital assets are of three kinds: crypto commodities, crypto securities and cryptocurrencies. The U.S. CFTC, the SEC and the Treasury’s FinCEN are the three agencies that will regulate them.Tokens such as...

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Huobi US to Rival Binance.US as Huobi Global Planning to Freeze Accounts of U.S. Residents

Most crypto exchanges have for some time now had challenges operating within the United States. On the other hand, most of the countries in Asia and Europe have taken an initiative of offering straight forward legislation outlining how to conduct any business in the crypto space. But, the U.S. has dropped far much behind in that arena.Currently, there is no definite framework outlining running businesses and tax payments. Interestingly, there is not even any assurance by the government to...

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SEC, CFTC and FinCEN Release Joint Statement for Crypto Regulation

A joint statement on the use of digital assets and specific laws operators must abide by, has been released. On Friday the 11th, three of the most binding regulatory authorities in the financial space, released the statement, stating specifics about the crypto sector and reminding all participants that certain already laid down laws regarding financial services in the U.S., must be strictly adhered to.The regulatory bodies including the U.S. Commodity Futures Trading Commission (CFTC),...

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