PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S.

Treasury 129

Treasury Cryptocurrency Stablecoins Fincen 129

The Paypers

APRIL 22, 2019

(The Paypers) The Financial Crimes Enforcement Network (FinCEN) has penalised a “peer-to-peer cryptocurrency exchanger” for breaking anti-money laundering (AML) rules.

Fincen 28

Fincen AML Laws Money Laundering 28

BitPay

NOVEMBER 3, 2023

Starting to accept Bitcoin payments for your online business is probably much easier than you think. Compliance and regulatory-focused BitPay offers a turn-key compliance program, and is regulated by the Financial Crimes Enforcement Network (FINCEN) and states, following all Financial Action Task Force (FATF) recommendations.

Bitcoin 52

Bitcoin Cryptocurrency Fincen Cross-Border Payments 52

Fintech News

JULY 17, 2024

In 2024, the top 100 bitcoin consolidation wallets received £968 million worth of bitcoin from over 14,970 distinct addresses. billion worth of bitcoin in 2024, each receiving funds from at least ten different wallets. Expanding the scope, over 1,500 consolidation wallets received a total of £2.6

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

DECEMBER 23, 2020

XRP is a currency, as the DOJ and FinCEN determined in 2015. Elsewhere, Ripple stated that “by alleging that Ripple’s distributions of XRP are investment contracts while maintaining that bitcoin and ether are not securities, [the SEC] is picking virtual currency winners and losers, destroying U.S.-based,

Cryptocurrency 93

Cryptocurrency Fincen Non-Bank Bitcoin 93

Payments Source

MARCH 9, 2020

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.

Money Laundering 71

Money Laundering Bitcoin Treasury Cryptocurrency 71

Payments Source

JULY 27, 2017

The fine for BTC-e was the Treasury’s first action against a money-services business located in a foreign country, and the second against a virtual currency exchange.

AML 65

AML Bitcoin Fincen Technology 65

CB Insights

JUNE 27, 2018

Hinman argues that ether and bitcoin are not securities because the networks in which they function are decentralized; no central parties dictate the continued maintenance of the network or sale of associated tokens. Other regulatory agencies like the CFTC and FinCEN are approaching the sector in different ways.

Regulations 39

Regulations Fincen Bitcoin Cryptocurrency 39

PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. For example, Bitcoin is not money.

Blockchain 77

Blockchain Settlement Bitcoin Law Enforcement 77

The Fintech Times

APRIL 29, 2024

Eight years before the invention of Bitcoin. As an example, the FATF revised its standards to address the risks associated with virtual assets in June 2019, or more than 10 years after the launch of Bitcoin (January 2009) – hardly a digital-speed response. Treasury’s Financial Crimes Enforcement Network (FinCEN).

Money Laundering 78

Money Laundering AML SARS Financial Crimes 78

BitPay

MAY 25, 2023

Increased regulation and clarity BitPay offers a turn-key compliance program, and is regulated by the Financial Crimes Enforcement Network (FINCEN) and states, following all Financial Action Task Force (FATF) recommendations. BitPay supports the top cryptocurrencies, including Bitcoin (BTC), altcoins and stablecoins.

Cryptocurrency 40

Cryptocurrency B2B Bitcoin Processors 40

Payments Source

APRIL 27, 2018

Financial institutions engaged in virtual currency markets face a number of risks — proceeding carefully is justified.

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Risk Fincen Digital Currency Bitcoin 65

PYMNTS

MAY 15, 2017

That means bitcoin. What Does Any of This Have To Do With Bitcoin? Bitcoin is a fascinating technology on the merits. Bitcoin uses math — and math equations that anyone can solve and see — to provide this cash-like feature. And why we might need to channel our inner Frances Kelsey to help get us there.

Bitcoin 62

Bitcoin Ransomware Multi-Currency Regulations 62

CB Insights

MAY 8, 2018

And, although Google searches for “bitcoin” and “blockchain” have slid, companies are still flush with cash from 2017’s ICO boom, cryptocurrency price run-up, and venture capital investment — and are spending it. T he SEC, CFTC, and FinCEN (in addition to other government agencies) seem to be approaching the sector in different ways.

Blockchain 75

Blockchain Technology Cryptocurrency Use Case 75

PYMNTS

FEBRUARY 14, 2020

Still, they want to avoid letting cryptocurrencies become a new version of how people once utilized Swiss secret-number bank accounts for alleged money laundering. “… We’re about to roll out some significant new requirements at FinCEN,” he said, according to Cointelegraph. In the U.S.,

Bitcoin 56

Bitcoin Fincen Federal Reserve Cryptocurrency 56

PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I Baby Steps

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Fed Bitcoin Cryptocurrency Digital Currency 107

PYMNTS

JULY 19, 2020

On Musk’s account, a tweet appeared asking for bitcoin, promising to double all payments sent to an address. Treasury’s Financial Crimes Enforcement Network (FinCEN) warned financial institutions of a high-profile scam exploiting Twitter accounts to try to scam convertible virtual currency from account holders.

Accounts 79

Accounts Fincen FBI Breach 79

PYMNTS

JULY 17, 2020

The attackers posted tweets that appeared to promote a cryptocurrency scam and posted similar tweets on celebrity accounts soliciting donations via bitcoin to their verified profiles, The Journal reported. “We On Thursday (July 16), PYMNTS reported the U.S.

FBI 70

FBI Fincen Scams Bitcoin 70

PYMNTS

AUGUST 22, 2019

They all have Bitcoin (BTC) addresses mentioned on the SDN list, and Guanghua Zheng additionally had a Litecoin (LTC) address. The drug traffickers face sanctions after coordinated actions from OFAC, FinCen and U.S. OFAC and FinCEN’s coordinated action with U.S. OFAC and FinCEN’s coordinated action with U.S.

Treasury 46

Treasury SDN Addressing OFAC 46

FICO

APRIL 19, 2021

million coins in circulation, the overall market value of Bitcoin is about $1.1 In March of this year, Citigroup said, in a 108-page report on the topic , that bitcoin “may be optimally positioned to become the preferred currency for global trade.” With an estimated 18.7 trillion—too big for banks to ignore.

AML 52

AML Cryptocurrency Financial Crimes Money Laundering 52

PYMNTS

FEBRUARY 1, 2021

A man has agreed to plead guilty to running an unlicensed company exchanging tens of millions of dollars in bitcoin or cash, a press release from the Department of Justice U.S. There, he purported to allow exchanges from bitcoin to cash and vice versa, charging commissions for the transactions.

Bitcoin 67

Bitcoin Law Enforcement Fincen Financial Crimes 67

PYMNTS

DECEMBER 21, 2020

The Financial Crimes Enforcement Network (FinCEN) has said that as of Sept. Amid all of these geopolitical risks lies the issue of cryptos — a broad category that includes everything from bitcoin to any number of other digital offerings. Meanwhile, the pandemic has offered a new conduit for financial crimes. The Crypto Factor .

AML 90

AML Financial Crimes Crime Money Laundering 90

The Payments Association

MARCH 18, 2025

Regulatory guidance has reinforced banks hesitations, with agencies such as the Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC) requiring extensive due diligence when working with crypto clients.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88