The U.S. Treasury has delivered the new framework to President Joe Biden this week. It sets out a multi-agency approach toward engagement with foreign counterparts and in international fora.
The tax law amendment requires individuals and businesses that receive $10,000 or more in digital currencies to report the sender's name, date of birth, and social security number to the government.
Her Majesty's Treasury stated that it recognizes the potential of stablecoins to drive innovation, but noted that they pose a threat to financial stability should systemic failures occur.
Russia's first carbon-neutral block reward miner BitRiver has been added to the Treasury's Office of Foreign Assets Control (OFAC) list of specially designated individuals and entities.
BSV Blockchain launched an online platform in China called the "CSDN Blockchain Engineer Qualification program," which aims to help bitcoin beginners learn how to store data in a Bitcoin network.
The U.S. Treasury connected the theft to the North Korean hacker group Lazarus Group it also added the related Ethereum address to its sanctions list.
Enterprise-grade blockchain company nChain is recognized by LexisNexis as one of the Top 100 Most Innovative Companies alongside Mark Zuckerberg's Meta and China’s Tencent.
In addition to the new regulations regarding rules for digital currencies, the U.S. Treasury also warned exchanges not to facilitate transactions for individuals or entities on the sanctions list.
The U.S. Treasury letter says that coders, stakers, and miners wouldn't have access to information about the sales of securities by taxpayers, so they aren't covered by the regulations.
Enterprise blockchain services provider TAAL made history this week when it mined the biggest Bitcoin block at 3.87GB, which had 188,000 transactions and collected 9.7 BSV in fees.
The U.S. Department of Treasury elaborated that the portable nature of NFTs, which can be moved internationally and instantly, makes them susceptible to being used in money laundering schemes.