US AML watchdog wants info on all international crypto transactions over $250
The proposed change would cut down FinCEN's longstanding $3,000 threshold. The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before. According to a notice of proposed rulemaking published on Friday, the agencies want to lower the $3,000 threshold established in 1995 to $250 for international transactions, meaning that financial institutions would need to exchange client information alongside all transactions greater than $250 that begin or end outside of the United States. Which is to say, the Travel....
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The bitcoin wallet and block explorer service Blockchain.info has been down since late last night (17th March) and it seems the issue is bigger than originally anticipated. A problem first came to light when a reddit user started a thread about a failed 'shared coin' transaction. Blockchain.info responded to his post and quickly moved to disable shared coin functionality. The move was followed with a tweet letting users know that shared coin transactions had been suspended pending the outcome of an investigation: "We have temporarily suspended shared coin transactions while investigating....
The Dubai Financial Services Authority (DFSA) has unveiled its plans to create a regulatory framework for cryptocurrencies. The announcement was part of its 2021-2022 business agenda released this week. The Papers Will Be Released in the First Half of 2021 According to the watchdog, which regulates the Dubai International Financial Centre (DIFC), the upcoming crypto framework aims to expand on the existing rules. It includes the regulation of crypto issuers and trading platforms. The document, signed by DFSA Chairman Saeb Eigner, reads: We will build upon recent achievements in this space....
Blockchain.info has stated that the issue is a database one, and the site would not be back online for at least several hours. It all started earlier today when Redditor /u/obione88 posted to /r/Bitcoin about a Shared Coin Transaction Error. Blockchain.info staff on Reddit promptly responded to the post. Additionally, they announced that the SharedCoin feature would be taken offline while they investigated. Soon after, Blockchain.info posted to their blog that SharedCoin would be suspended temporarily. They also provided answers as to the specific issue that was causing issues with the....