Russia’s Suex exchange faces US sanctions over alleged ransomware payments
The U.S. government has issued a fresh round of sanctions as it cracks down on ransomware, including against a Russian exchange tied to ransomware payments.
Latest Treasury News
US Treasury seeking stricter digital currency reporting rules in $3.5T budget framework
The U.S. Treasury pushed for strict reporting rules for digital currency holders in its $1 trillion Infrastructure Bill and is now pushing further in new bill.
Anti-money laundering a digital currency priority for US Treasury nominee
In his confirmation hearing before the Senate Banking Committee, Brian Nelson said he would make implementing new anti-money laundering legislation a top priority as he moved into the post.
BitPay to pay $500K in settlement with US Treasury over sanctions violations
BitPay is accused of allowing users in North Korea, Sudan, Syria, Ukraine, Cuba and Iran to transact on its platform despite having IP addresses and other location data about these users.
Treasury nominee Janet Yellen says illegal digital currency use a ‘particular concern’
Suggesting the government needs new tools to prevent money laundering through exchanges, Janet Yellen said many digital currencies “are used at least in a transactions sense mainly for illicit finance.”
Digital currency assets under discussion at G7: US Treasury
Finance ministers and central bank governors from across the Group of 7 countries discussed crypto assets and their increasing role in the global financial system.
UK drafts plan to regulate stablecoins, research CBDC
The U.K. Treasury said it was working on proposals for a new regulatory structure for stablecoins and other digital currencies.
US Treasury: Cryptos must adhere to tough market regulations
U.S. Undersecretary for Terrorism and Financial Intelligence Sigal Mandelker believes that crypto companies do not pay enough attention to implementing procedures that can deter criminal activities.
Multiple crypto addresses sanctioned by the US Treasury
The U.S. Department of the Treasury continues to go after cryptocurrency holders it feels are not playing by the rules.
US to start adding cryptocurrency addresses to SDN List
The U.S. Treasury announced that the Office of Foreign Assets Control (OFAC) will begin adding cryptocurrency addresses to the Specially Designated Nationals (SDN) List.