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FinCEN Blasts Iran’s ‘Malign’ Use of Crypto to Bypass Economic Sanctions

FinCEN Blasts Iran’s ‘Malign’ Use of Crypto to Bypass Economic Sanctions A U.S. crime-fighting agency is urging domestic exchanges to help prevent the Iranian regime from using cryptocurrency to bypass economic sanctions. The Financial Crimes Enforcement Network (FinCEN) published an advisory Friday, stating that Iran’s “illicit and malign” use of cryptocurrency to …

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California Bans Bitcoin Donations in Political Campaigns

California Bans Bitcoin Donations in Political Campaigns Candidates running for public offices in the U.S. state of California may not receive donations in cryptocurrencies, according to a new ruling from the state’s political watchdog. The Associated Press reported Thursday that the Fair Political Practices Commission (FPPC) for the Golden State voted …

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Digital Assets Don’t Change Reporting Needs, SEC’s Top Accountant Says

Digital Assets Don’t Change Reporting Needs, SEC’s Top Accountant Says The chief accountant for the Securities and Exchange Commission has said that companies have a responsibility to follow accounting standards when working with blockchain and digital assets. Wesley Bricker spoke before the AICPA National Conference on Banks & Saving Institutions …

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OpenFinance Launches Regulated Trading Platform for Security Tokens

OpenFinance Launches Regulated Trading Platform for Security Tokens Trading platform OpenFinance has launched a regulated alternative trading system (ATS) for security tokens, CEO Juan Hernandez announced Tuesday. Accredited investors in the U.S. can now purchase or trade the digital assets on OpenFinance’s platform. Retail investors who cannot receive accreditation may …

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21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering

21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering A 21-year-old bitcoin dealer from California is being prosecuted for allegedly committing numerous counts of illegal money transmission and money laundering. According to an announcement from the Department of Justice in the Southern District of California, Jacob Burrell Campos was ordered to be held …

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Tezos ICO Class Action Looms After Motion to Dismiss Denied

Tezos ICO Class Action Looms After Motion to Dismiss Denied A federal court judge in California has blocked a move that sought to dismiss a class action lawsuit alleging that the initial coin offering (ICO) conducted by the Tezos Foundation violated securities laws in the U.S. The decision came Tuesday, …

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