US sanctions Russian crypto platforms for money laundering ties

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

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Hawaii crypto firms no longer need MT license, regulator rules

While exempt from the Money Transmitter License requirement, crypto firms in Hawaii must still comply with any federal licensing laws.

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Huione Group Shutdown: Implications for Crypto Scam Infrastructure

The shutdown of Huione Group by FinCEN marks a significant move against crypto scams, but the broader ecosystem remains resilient. Learn how these platforms adapt and what it means for compliance. (Read More)

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Tornado Cash and Samourai Wallet Defense Accuses Prosecutors of Withholding Crucial Evidence in Protocol Cases

Federal prosecutors have been accused of failure to disclose important evidence in the Samourai Wallet and Tornado Cash cases. The defense lawyers argue that a phone call with senior FinCEN employees could impact their cases. The call reportedly stated that the two non-custodial protocols do not qualify as money services businesses (MSBs). The dispute revolves […]

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Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges

If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said.

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Samourai Wallet: Breaking Down Dangerous Precedents

A break down of the issues at the core of the recent Samourai Wallet arrests, and why these could have far reaching implications for all self custodial tools in the ecosystem.

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FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says

Source: CoinDesk

The post FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says appeared first on Crypto Breaking News.

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The Number of Crypto-Related Enforcement Actions in the United States Grows

Blockchain risk monitoring business Solidus Labs predicts a significant rise in US federal and state enforcement actions in 2022. (Read More)

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Crypto-related enforcement actions by US states rose sharply in 2022: Report

There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins.

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Binance linked to illegal cryptocurrency platform Bitzlato

Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators. (Read More)

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Gate.io closer to launching US services after receiving local licenses

Gate US said it obtained licenses to operate in “several” U.S. states along with a money service business license from FinCEN leading up to its local launch.

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Sen. Elizabeth Warren Introduces Sweeping Anti-Privacy, Anti-Freedom Bitcoin Bill

U.S. Senators have introduced a bill that would have a direct impact on the categorization and regulation of bitcoin miners, wallets and nodes.

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US regulator to seek feedback on DeFi's impact on financial crime

A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

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‘Twitter will do lots of dumb things’ in the coming months: Elon Musk

Twitter's new owner says they'll be throwing a heap of new ideas at the platform over the coming months.

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US Treasury Fines Bittrex Exchange $29m for Multi-Year Sanctions Violation

The United States Treasury Department through the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) has fined Bittrex $29 million due to failure to prevent individuals in sanctioned jurisdictions from using its platform. (Read More)

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Bitcoiner sentenced to federal prison warns users involved in OTC trading

"I'm just a regular Bitcoiner caught in the crosshairs," claimed Mark Alexander Hopkins, also known as Rizzn, prior to serving his prison sentence.

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FinCEN includes crypto in alert on Russia potentially evading sanctions

"Prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people," said FinCEN acting director Him Das.

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Crypto Flipsider News – Crypto Market’s Weekend Rally, $800 Million BTC Moved Out of Exchanges, Ray Dalio Is Keeping His Bitcoin, Senator Buys the Dip, Binance Warns About SMS Phishing, Treasury Warns of Illicit NFT Transactions, FinCEN’s Crypto Crackdown

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Continue reading Crypto Flipsider News – Crypto Market’s Weekend Rally, $800 Million BTC Moved Out of Exchanges, Ray Dalio Is Keeping His Bitcoin, Senator Buys the Dip, Binance Warns About SMS Phishing, Treasury Warns of Illicit NFT Transactions, FinCEN’s Crypto Crackdown at DailyCoin.com.

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BingX Obtains MSB Licenses from Both US and Canada 

The US and Canada have approved BingX as an MSB. The Global Communications Manager at BingX takes pride in the ...

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FinCEN Concerns on $5 Billion in Ransomware Payments

Ransomware payments will be higher in 2021 than 2020. First half of 2021 alone accounts for $490 million. SARs alos

The post has appeared first on thenewscrypto.com

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