US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale W...
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View on Crypto Use to Evade Sanctions Nellie Liang, Treasury undersecretary for domestic finance, talked about the potential use of cryptocurrency as a tool to evade sanctions for Russia Friday in an interview with Reuters. The senior Treasury official explained that the crypto....
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Despite the broad definition of a broker in the $1.2 trillion infrastructure bill, an official of the U.S. Treasury Department says that non-brokers will not be targeted even if the bill is not amended. The official added that crypto advocates’ fears are unwarranted. Treasury Official Says Non-Brokers Will Not Be Targeted The U.S. Department of the Treasury explained Tuesday that the crypto reporting requirements in the $1.2 trillion infrastructure bill will not target non-brokers even if the bill is not amended, CNBC reported, citing an official of the department. Crypto advocates....
The US would hold responsible anyone who assists Russia in circumventing financial sanctions in the aftermath of the Kremlin’s act of terrorism on Ukraine, US Deputy Treasury Secretary Wally Adeyemo said Tuesday. Russia has been punished with severe financial and economic sanctions by the US and its allies as a result of its invasion on Ukraine. […]
Per a report from local news outlet Kommersant, the Russian Ministry of Finance has completed a bill addressing crypto payments in the country. The document was obtained by the local news website and confirmed by two different sources. Related Reading | Don’t Help Russia, Or Else… Treasury Official Says US Will ‘Come And Find You’ The […]
The U.S. Department of the Treasury is launching a cryptocurrency awareness program. “We’re just trying to raise awareness without trying to stamp out new technology and new innovation,” said an official of the Treasury. Treasury’s Efforts to Raise Crypto Awareness The U.S. Department of the Treasury is launching an initiative....
The rumors have been flying that the UK Treasury is looking into digital currencies and how to create some form of legal net for these currencies. The UK Treasury is asking for information on new digital currencies from the public, law enforcement agencies and financial regulators. However, most of these people do not know what digital currencies are. That is why the UK government is giving the hand of friendship toward the Bitcoin community ( kind of). According to our information, the UK Treasury will be looking at examples of regulation in other countries, but will make up their own....