A handful of financial institutions have made waves in international news due to lawsuits and multi-million-dollar fines. The issue is that they chose, whether...
Ohio resident Larry Dean Harmon has been hit with a $60 million civil penalty after being convicted of running a Bitcoin tumbler that laundered money for the darknet website AlphaBay. Some may recall that in 2019, Harmon was indicted by the U.S. District Court for the District of Columbia on multiple counts relating to his […]
The Trump administration plans to implement new regulations around the cryptocurrency industry. US Treasury Secretary Mnuchin announced to Congress that FinCEN (the Financial Crimes Enforcement Network) will shortly release the new regulations. While Mnuchin spoke favorably of the potential of stablecoins to make “small Dollar payments cross-border,” he warned that crypto privacy allows for [...]
