Bitcoin and Crypto Markets Plummet As US Treasury Rumor Spreads

The crypto markets are reeling amid rumors that the US Treasury Department may soon accuse a number of financial institutions of using digital assets to launder money.

Proposed FinCEN rule is a 'grave threat to personal privacy,' says Coin Center

In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions. After the US Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators. Coin Center directed its comment to the Financial Crimes Enforcement Network, or FinCEN, over proposed rules that would require registered crypto exchanges in the US to verify the identity of people using "an unhosted or otherwise covered wallet" for a transaction of more than $3,000 and report on all crypto transactions of more than $10,000.

Blockchain Group to Meet With US Treasury Department Executives Over Brewing Regulations

The Blockchain Association plans to meet with US Treasury Department officials in the wake of impending cryptocurrency regulation.

Crypto Industry Wins More Time For FATF Travel Rule

There may yet be some wriggle room for the crypto exchanges and other virtual asset service providers (VASPs) struggling to get their platforms ready for Travel Rule compliance – with the Financial Action Task Force (FATF) admitting that it may be prepared to budge on amending the guidance, which some claim is not fit for purpose. Per a paper from the American Treasury Department, the FATF has

With Yellen confirmed, Treasury moves forward with stalled crypto monitoring rule

The Treasury has opened up the comment period for its self-hosted wallet requirements for another 60 days. The United States Treasury Department's now-infamous proposal to require information on crypto transfers from exchanges to self-hosted wallets is back in motion. Per a Tuesday announcement from the Financial Crimes Enforcement Network, or FinCEN, stakeholders will have another 60 days to respond to the proposal.

Treasury Secretary Nominee Janet Yellen Plans to Encourage Legitimate Crypto Use

Biden's pick to lead the United States Treasury Department, Janet Yellen thinks crypto has potential to enhance the financial system and wants to encourage its legitimate use.

US Treasury Department Lacks Power to Pass FinCEN Bill – Coin Center

Statue of Albert Gallatin, the fourth Secretary of Treasury, in front of the Department of Treasury building in Washington, D.C.

FinCEN's Proposed Crypto Rule Does Not “Follow Proper Procedure”- Coinbase CEO

Coinbase CEO Brian Armstrong criticized the FinCEN's proposed regulatory procedure for cryptocurrencies, calling it ill-advised.

Crypto Players Plea for More Opposition to FinCEN Regulation Proposal

Industry players are urging the crypto community to mount an assault on Washington in a bid to halt an under-fire proposal from the US Treasury Department and the Financial Crimes Enforcement Network (FinCEN).

US Treasury Unveils Stifling Crypto Wallet Regulation — Experts Break Down the Rules

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets.

US Treasury Proposes New Rules Regulating Bitcoin and Cryptocurrency Transactions

The Financial Crimes Enforcement Network (FinCEN), an agency of the US Treasury Department, has proposed a new set of rules that would require financial institutions to keep a record of certain transactions sent to private cryptocurrency wallets.

US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions

The US Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.

US Treasury Department Believed to be Hacked by Russians, Bitcoin Bulls Respond “BTC Never Gets Hacked”

The US Treasury Department has been on the receiving line of a huge security breach that saw their internal servers targeted.

'Bitcoin never gets hacked' — crypto players respond to US Treasury breach

"Bitcoin means trusting a SHA256 algorithm more than the US Treasury," quipped Blockfolio. Crypto players were quick to respond to the news that hackers breached the US Treasury Department. According to a report from Reuters, a “sophisticated hacking group” backed by a foreign government — reportedly Russia, according to three people familiar with the investigation — was able to breach the US Treasury Department as well as the National Telecommunications and Information Administration, or NTIA, with the Department of Commerce.

Group of US Lawmakers Unite Against Rumored Bitcoin and Crypto Regulations from Treasury Department

A group of US lawmakers are coming together as they seek clarification from Treasury Secretary Steven Mnuchin regarding rumors that his office is considering implementing regulations that would restrict the use of self-hosted wallets.

Bitcoin Traders Brace for Potential Regulations Affecting Every Crypto Transaction

Bitcoin continues to trade within a narrow range this weekend as crypto traders ponder a set of new regulations that could soon emerge from the US Treasury Department.

Circle CEO Tells US Treasury Department to Provide a "Meaningful Safe Harbor" for the Crypto Industry

Circle CEO wants the US Treasury Department to provide improved regulation that can offer a “meaningful safe harbor” for players within the cryptocurrency. (Read More)