US Senators Introduce Bill to Block Issuance of CBDCs
The bill aims to prevent the Federal Reserve from using CBDC as a tool to implement monetary policy or control the economy.
FinCEN Director Jennifer Shasky Calvery spoke at the annual West Coast Anti-Money Laundering Forum and discussed the bureau’s ongoing work in the digital currency space.
The bill aims to prevent the Federal Reserve from using CBDC as a tool to implement monetary policy or control the economy.
While supporting efforts to combat criminal misuse, Coinbase argued that the proposed regulations, as they stand, do not strike the right balance.
Binance says it has agreed to a robust monitorship for its compliance and sanctions control programs.
All accounts that advertise Cryptocurrency Coin Trusts must adhere to these guidelines, regardless of their geographical location.
With the United States lacking an extradition treaty with the UAE, Seattle Judge Richard Jones ordered that CZ must remain with the country for the time being before he determines where the crypto billionaire is a flight risk.
As part of the settlement with Binance, FinCEN will impose a five-year monitorship program on the company’s order books despite the fact that the exchange agreed to completely exit the US market.
As part of the agreement, CZ was slated to remain in detention for 18 months. However, the former head of Binance was released in less than 24 hours.
As part of the plea deal with prosecutors, Binance has agreed to pay the United States Department of Justice (DoJ) $4.3 billion.
The United States Department of Treasury through the Financial Crimes Enforcement Network (FinCEN) announced new sweeping measures to tame the crypto mixers in a bid to combat terrorism funding among other cyber crimes.
Elizabeth Warren wants crypto miners to disclose energy usage and has called on relevant authorities for enforcement.