Search Results for "treasury department"
FinCEN's Proposed Crypto Rule Does Not “Follow Proper Procedure”- Coinbase CEO
Coinbase CEO Brian Armstrong criticized the FinCEN's proposed regulatory procedure for cryptocurrencies, calling it ill-advised.
U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation
A group of U.S. Senators has expressed concern over a two-year delay in implementing tax reporting requirements for crypto brokers, urging the Treasury Department and IRS to expedite the process to close the crypto tax gap, provide clarity for taxpayers, and secure billions in lost tax revenue. The delay contradicts the directives of the Infrastructure Investment and Jobs Act and gives leeway to crypto lobbyists opposing the rule.
The US Treasury Department Imposes Sanction on Suex Crypto Exchange, Accused of Facilitating Ransomware Transactions
The US Treasury Department said in a statement that Suex cryptocurrency exchange has been aiding ransomware actors to attack businesses and government entities.
New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain
Australia’s New South Wales is proposing a flexible regulatory reform to accommodate the thriving blockchain and cryptocurrency ecosystem
Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight
The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.
Polkadot’s Treasury Built as a Significant Step Towards the Vision of a Decentralized Internet
Polkadot has recently established a new decentralized platform—Polkadot Treasury, to fund projects.
Congress Members “Express Concern” Over Treasury’s Potential Crypto Wallet Regulations
Four members of Congress have expressed concerns in a letter to the US Treasury Secretary Steven Mnuchin, over their rumored self-hosted crypto wallet regulation ban.
Former US Head of Treasury Lawrence Summers Backs Cryptocurrency
In an interview with CEO of the digital currency company Circle —Jeremy Allaire, Former US head of Treasury Lawrence Summers advocates for cryptocurrency’s benefits.
US Department of Justice Releases Cryptocurrency Enforcement Framework
The US Department of Justice (DOJ) has released a cryptocurrency enforcement framework, which offers a comprehensive overview of the emerging threats in the crypto space.
Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services
Libra appoints Stevan Bunnell, former Homeland security department general counsel, as its own general counsel.
United States Department of Defense Tests Out Blockchain Technology to Enhance Cybersecurity
The United States Department of Defense (DoD) is considering implementing blockchain technology to enhance its cybersecurity.
US Justice Department Charges John McAfee with Cryptocurrency Fraud
Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.