Huobi secures FinCEN license as it eyes US expansion
Huobi obtained a money business service license but has yet to attain the money transmitter license, which would allow it to offer digital asset exchange services.
Latest FinCEN News
US Treasury, FinCEN to crackdown on anonymous digital currency transactions
The proposed regulations may mean the end of anonymous digital currency transactions in the United States, and it also implies that MSBs will have to collect more information on their users.
US feds propose changes to recognize digital currencies as money
The proposed rules include redefining ‘money’ to include digital currencies and lowering the transaction data-gathering threshold for cross-border financial transactions.
The CoinGeek Pulse: Episode 17
FinCEN has penalized Larry Dean Harmon, operator of coin tumblers Helix and Coin Ninja, on charges of violating the Bank Secrecy Act and its implementing regulations.
California man pleads guilty to operating illegal BTC ATM
U.S. authorities said Kais Mohammed helped customers to convert BTC to fiat, charging a 25% commission for his service.
FinCEN finds strong correlation between COVID-19 and digital currency scams
According to FINCEN, there have been over 70,000 cases of digital currency-related fraud reported to their agency since 2013.
Asian exchange Bitget expanding into the US
Asian digital currencies derivatives platform Bitgate has applied for a money services business license with the U.S. FinCEN as it eyes expansion into the U.S.
US security officials know where unlicensed crypto businesses hide
The Department of Homeland Security acknowledges that it has a team working to track illegal crypto activity.
This week in crypto
A look at some of the highlights of what is happening in the Bitcoin space this week of %%date%%.
New regulations are coming for crypto industry in US
FinCEN has announced that it is preparing guidance on a new framework to oversee the cryptocurrency space.
FinCEN: Work within the rules or face enforcement action
Cryptocurrencies, and those developing them, must conform to existing anti-money laundering principles or face action.
The origins of Bitcoin: Markets and crashes
As Bitcoin continued to gain recognition since the first block of the cryptocurrency was established in 2009, it saw its ups and downs, just like any new innovation.