“To the extent there are U.S. touch points, or U.S. persons involved in such transactions, crypto companies could face enforcement from FinCEN, OFAC and/or the U.S. Department of Justice, depending on the activity at issue and whether any U.S. laws were violated,” he said. “Even without a violation, an investigation can be incredibly taxing on resources and distracting to leadership. As a result, crypto companies may wish to steer clear of mixers, to the extent possible.”
Credit: Source link
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This...
Other top-tier banks/wealth management operations, including Morgan Stanley, Cantor Fitzgerald, Royal Bank of Canada, Bank of America, UBS and HSBC,...
The US Attorney’s Office in Manhattan will scale back its focus on crypto crimes following a series of high-profile convictions,...
People are policy, and Trump surrounds himself with an orange-pilled group. VP-elect JD Vance owns Bitcoin, and has a long...
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves...
This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!
