Bitcoin Goes to Washington: Bitcoin and Money Laundering: 2014 Commerce, Justice, Science, and Related Agencies Appropriations Bill: Federal Bureau of Investigation

Several U.S. federal agencies issued a joint warning about an increase in crypto-related hackings. Posted as an alert by the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the Treasury Department. Related Reading | Could Musk Fix This? Blue Checked NFT Scams Swamp Twitter  The U.S. government agencies noted the “cyber […]

A New York man has been charged with operating an unlawful money transmitting business in connection with the sale of bitcoins, the US Department of Justice announced on Friday. The government said last week that it was charging Rochester, New York, resident Richard Petix with illegally selling $200,000 in bitcoin between August 2014 and December of last year. Notably, the report does not provide information on any state-specific laws Petix was in violation of when conducting the sale. Petix's charges, the Justice Department said, are connected to a wider alleged scheme that involved money....

Very recently, it has become painfully clear that the US government wants a lot more information on decentralized virtual currencies like bitcoin. In an appropriations bill that went through the committee recently, the House of Representatives requested that the FBI provide a report to them. In the bill, under the heading "Money Laundering": "The Committee understands that bitcoins and other forms of peer-to-peer digital currency are a potential means for criminal, terrorist or other illegal organizations and individuals to illegally launder and transfer money. News reports indicate that....

Crypto exchange giant Binance is allegedly under investigation by the U.S. Internal Revenue Service (IRS), as well as the Department of Justice (DOJ) for money laundering and tax evasion. BREAKING: Binance, the world's biggest crypto exchange, is under investigation by the Justice Department and IRS https://t.co/mk0Njo7tUE — Bloomberg Crypto (@crypto) May 13, 2021 According to […]

A group of digital currency companies and organizations, as well as a number of US law enforcement agencies, are establishing a new public-private forum in a bid to foster communication and education between the government and industry stakeholders. Dubbed the Blockchain Alliance, the initiative is being spearheaded by Coin Center and the Chamber of Digital Commerce, with support from a range of companies including: BitFury, BitFinex, BitGo, Bitnet, Bitstamp, Blockchain, Circle, Coinbase, CoinX, itBit, Kraken, Noble Markets and Xapo. The Alliance will also draw support from several bitcoin....