The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.
The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.
In a significant development for the cryptocurrency industry, United States Senator Roger Marshall has overturned his support for the Digital Asset Anti-Money Laundering Act (DAAMLA) Bill, a legislation introduced by Democratic Party Elizabeth Warren. Marshall’s move to back down from the bill indicates the growing concerns about the possible overreach of regulatory actions regarding the […]
If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said.