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Lawyer shares tips on handling gray areas of blockchain regulation

Payments Dive

Even with FinCEN's new guidelines on cryptocurrency, there are still many gray areas. Misiala Jr., counsel at BakerHostetler provides some clarity in a Q&A.

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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. It’s also registered with the US Financial Crimes Enforcement Network (FinCEN). One of Singapore’s entries is Partior. It claims more than 20,000 business customers.

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OCC, SEC and FinCEN crypto verdicts empower banks, but anger fintechs

Payments Source

Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S. at risk of falling behind other countries in the race to support faster payment processing.

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FinCen Director On Why Casino Cooperation Is Central To Fighting Financial Crime 

PYMNTS

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. FinCEN expects that your casino or card club is monitoring your sports betting programs for potentially suspicious activity. The responsibility of casinos managing all of those new transactions.

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FinCEN Seeks Enhanced Oversight of Crypto Mixing

Global Fintech & Digital Assets

Yatter , and Deric Behar On October 19, 2023, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that would designate as a “primary money laundering concern” all non-US convertible virtual currency [1] mixing (CVC mixing). By Parag Patel , Eric S.

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Judge Accepts Guilty Plea from Binance’s Former CEO Changpeng Zhao

Fintech News

billion to the Financial Crimes Enforcement Network (FinCEN) and US$968 million to the Office of Foreign Assets Control (OFAC). He took to social media platform X to say that he would be taking a break and potentially venturing into passive investing in areas such as blockchain, Web 3.0, DeFi, AI, and biotech.

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Blockchain Unchained: Paxos CEO Sees Expanded Role For Token-Based Digital Assets

PYMNTS

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. You can immediately know where shares are moving, even if you haven't settled them,” he said.