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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than CryptoThe U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. […]
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Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

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Coinbase Agrees to 0 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations
$50 million fine
Coinbase Agrees to 0 Million Settlement With New York Financial Regulator for Anti-Money Laundering ViolationsCoinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were inadequate from 2020 through 2021. […]
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Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions

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US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions
biden executive order
US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade SanctionsThe U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View on Crypto Use to Evade Sanctions Nellie Liang, Treasury […]
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Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread

Bitcoin.com
OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread
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OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors SpreadRumors concerning the U.S. Treasury cracking down on several financial institutions over money laundering has been spreading like wildfire on social media and forums. There’s been no formal announcement from the U.S. entity and at this stage, the news is widely considered FUD. However, some are assuming the hearsay stems from the recent Russian sanctions […]
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Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

Goldman Sachs to set up new blockchain venture, targeting faster trading and settlements

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