In the cryptoverse, with everyone taking a dive into digital assets, , the US Department of Treasury has once again presented its 2025 revenue proposals, also known as the “Greenbook,” aligning with President Joe Biden’s ongoing agenda. These proposals echo those of previous years, particularly emphasizing Biden’s stance on taxing digital asset transactions. The Treasury […]
US Treasury department
Regulating Crypto: Senators Push for Equal AML Rules
In a significant move to combat illicit financial activities in the crypto world, the U.S. Treasury Department is set to designate international crypto mixers as potential money-laundering hubs. This decision, revealed by The Wall Street Journal, comes on the heels of alarming reports of terrorist groups, including Hamas, utilizing cryptocurrency as a financing tool for […]
Russian Bitcoin Addresses Linked To Arms Exports Blacklisted By US Treasury
Cryptocurrencies such as Bitcoin and Ethereum have been gaining popularity and adoption on a global scale. The decentralized structure of cryptocurrencies has advantages, but it may also be exploited by criminals for illegal purposes. Since Russia began a war with Ukraine, a number of sanctions have been put in place. Cryptocurrencies, however, were employed as a workaround […]
Bittrex Fined $53 Million for Allegation and Sanction Violation Settlement
Bittrex, Inc. (Bittrex), a cryptocurrency exchange with headquarters in Bellevue, Washington, has reached settlements with the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury. The settlements were for sums totaling over $24 million and $29 million, respectively. The current enforcement action against virtual […]