Posted in Cryptocurrency

FinCEN to Amend FBAR Rules Regarding Foreign Accounts Holding Crypto

Legal & Regulation FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies AnTy January 1, 2021 The…

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Posted in Cryptocurrency

USDC’s ‘Breakthrough’ Use-Case, US Govt. to Distribute Aid to Venezuela via the Stablecoin

With the support and licensing from the US Government, Circle is providing foreign aid through the USDC stablecoin to the…

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Posted in Cryptocurrency

OFAC Blacklists Three Russians’ Crypto Addresses Linked to 2016 US Presidential Election

The Treasury Department of Foreign Assets Control, OFAC in short, announced sanctions for three Russian hackers involved in meddling in…

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Posted in Cryptocurrency

Upbit Blames South Korea’s Taxation and KYC Hurdles in Foreigners’ Frozen Funds Saga

Upbit crypto exchange woes are still on after it emerged that foreign clients to this South Korean firm are yet…

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Germany’s Financial Authority, BaFin, Releases Guidelines For Foreign Crypto Custodians

Germany newly passed law set to grandfather an already operating foreign crypto firms despite lacking a license However, those foreign…

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Posted in Cryptocurrency

Forex Firm Travelex Hacked By REvil, Hit With $6 Million Bitcoin Ransom Demand

Travelex, a foreign exchange firm was attacked by a group of cyber hackers who demanded ransom worth $6 million. The…

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Posted in Cryptocurrency

Firms Have Borrowed $8.2 Billion from the Blockchain Platform of a Chinese Forex Regulator

The Chinese regulator State Administration of Foreign Exchange (SAFE) runs a cross-border blockchain financing system and has helped firms with…

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Posted in Cryptocurrency

China’s State Administration of Forex (SAFE) Extends Cross-Border Pilot to Leverage Blockchain Tech

China’s State Administration of Foreign Exchange (SAFE) has recently taken a move to help leverage blockchain technology so that better…

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Posted in Cryptocurrency

US Treasury Blacklists BTC and LTC Wallet Addresses Said To Be Owned by 3 Chinese Drug Kingpins

The government of the United States, via the Treasury Department’s Office of Foreign Assets Control (OFAC), has decided to blacklist…

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