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Regulation News

FinCEN Extends Dates for Public Comments on New AML Crypto Wallet Regulations

FinCEN has finally extended the period for public comment on its newly released AML regulations for virtual asset service providers after heavy backlash from people for technically prohibiting them from commenting on the proposed regulations. The press release by FinCEN notified that they are reopening the comments period by 15 days for its reporting requirements, and

FinCEN has finally extended the period for public comment on its newly released AML regulations for virtual asset service providers after heavy backlash from people for technically prohibiting them from commenting on the proposed regulations. The press release by FinCEN notified that they are reopening the comments period by 15 days for its reporting requirements, and

News
News

U.S. Citizens May Have to Report Off-Shore Crypto Holdings As per Latest FinCEN Notice

Latest notice from FinCEN intends to subject digital currencies held in overseas accounts to Foreign Bank and Financial Accounts Reporting (FBAR) regime. At present, tax-paying citizens in the US with a foreign financial interest that might include a foreign bank account or brokerage account above $10,000 are required to adhere to the FBAR and submit

Latest notice from FinCEN intends to subject digital currencies held in overseas accounts to Foreign Bank and Financial Accounts Reporting (FBAR) regime. At present, tax-paying citizens in the US with a foreign financial interest that might include a foreign bank account or brokerage account above $10,000 are required to adhere to the FBAR and submit

News
News

Jack Dorsey’s Square Slams FinCEN’s Newly Proposed Crypto Wallet Rules, Calls It “Unnecessary Friction”

Just as the timeline for commenting on the newly proposed crypto wallet rules comes to an end by January 4 midnight, Jack Dorsey-owned crypto trading platform Square Inc. has issued a fresh statement on the matter. The crypto wallet rules proposed by FinCEN last month ask exchanges to reported any transaction above $10,000 done through

Just as the timeline for commenting on the newly proposed crypto wallet rules comes to an end by January 4 midnight, Jack Dorsey-owned crypto trading platform Square Inc. has issued a fresh statement on the matter. The crypto wallet rules proposed by FinCEN last month ask exchanges to reported any transaction above $10,000 done through

Bitcoin News
Bitcoin News

Coinbase Pleads With FinCEN To Extend the Feedback Window For Proposed Crypto Rules

Coinbase cryptocurrency exchange is seeking an extension to the feedback window given by the Financial Crimes Enforcement Network (FinCEN) for the highly rebuffed newly proposed crypto wallet regulations. Per the exchange’s request which was conveyed in a letter signed by Paul Grewal, and addressed to Kenneth Blanco, the Director of FinCEN, there is a need

Coinbase cryptocurrency exchange is seeking an extension to the feedback window given by the Financial Crimes Enforcement Network (FinCEN) for the highly rebuffed newly proposed crypto wallet regulations. Per the exchange’s request which was conveyed in a letter signed by Paul Grewal, and addressed to Kenneth Blanco, the Director of FinCEN, there is a need

News
News

Just In: FinCEN “Technically” Prohibits Public Comments on Newly Proposed Crypto Wallet Regulations

The much-awaited regulations around crypto wallets  that would extend AML regulations to non-custodial wallets were finally released by the Financial Crimes Enforcement Agency (FinCEN)  called  “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” The new set of rules would require any virtual Asset Service Providers (VASPs) such as exchanges and custodians to

The much-awaited regulations around crypto wallets  that would extend AML regulations to non-custodial wallets were finally released by the Financial Crimes Enforcement Agency (FinCEN)  called  “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” The new set of rules would require any virtual Asset Service Providers (VASPs) such as exchanges and custodians to

Bitcoin News
Bitcoin News

Crypto Lawyer Decodes How FinCEN’s New Crypto Rules Fail to Address Core Issues

On Friday, December 18, the U.S. Treasury’s bureau FinCEN proposed new crypto rules making it mandatory for virtual asset service providers (VASPs) to record and report transactions related to private cryptocurrency wallets. There’s been a significant disagreement expressed by the crypto community members and even some crypto-friendly U.S. lawmakers. Diving deep into what these proposed

On Friday, December 18, the U.S. Treasury’s bureau FinCEN proposed new crypto rules making it mandatory for virtual asset service providers (VASPs) to record and report transactions related to private cryptocurrency wallets. There’s been a significant disagreement expressed by the crypto community members and even some crypto-friendly U.S. lawmakers. Diving deep into what these proposed

Bitcoin News
Bitcoin News

Bitcoin and Crypto Bulls must Prepares to Face Regulatory Challenges in the US

The crypto bulls have initiated a wave of gains in the crypto markets. Bitcoin’s positive break of the $10,000 mark seems to have revived the entire crypto space. The price of Bitcoin at 4: 30 hours UTC on 13th February is $10,413. Along with considerable gains in altcoins, the total market capitalization of crypto markets

The crypto bulls have initiated a wave of gains in the crypto markets. Bitcoin’s positive break of the $10,000 mark seems to have revived the entire crypto space. The price of Bitcoin at 4: 30 hours UTC on 13th February is $10,413. Along with considerable gains in altcoins, the total market capitalization of crypto markets

Breaking - US's Top Regulators Investigating BitMEX Crypto Exchange
Regulation News
Breaking - US's Top Regulators Investigating BitMEX Crypto Exchange
Regulation News

CFTC, FinCEN, and SEC Issue Warnings to Crypto Firms on Regulatory Compliance

The Chairman of CFTC and SEC, along with FinCEN director issue a joint statement to firms engaging in digital assets to follow their guidelines. Emphasis was laid on obligations under the Bank Secrecy Act (BSA), anti-money laundering and countering terrorist funding through cryptocurrencies. Digital assets firm has often avoided following specific rules riding on the ambiguity

The Chairman of CFTC and SEC, along with FinCEN director issue a joint statement to firms engaging in digital assets to follow their guidelines. Emphasis was laid on obligations under the Bank Secrecy Act (BSA), anti-money laundering and countering terrorist funding through cryptocurrencies. Digital assets firm has often avoided following specific rules riding on the ambiguity