US Treasury walks back crypto surveillance ‘travel rule’ proposal
The Treasury Department has withdrawn a controversial proposal that would have expanded requirements for cryptocurrency transactions.
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The Treasury Department has withdrawn a controversial proposal that would have expanded requirements for cryptocurrency transactions.
Read at The BlockThe rules allow retail investors to trade BTC, ETH and USDT through regulated intermediaries, with Moscow Exchange planning to launch crypto trading in December.
Read at CointelegraphFinCEN issued a final order under section 9714(a) that will bar U.S. financial institutions from sending or receiving funds with MEXC Global 30 days after Federal Register publication, citing at least $16 billion in alleged illicit activity.
Read at Bitcoin MagazineFinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia.
Read at DecryptThe US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.
Read at CointelegraphTreasury says it has severed MEXC Global from the U.S. after it allegedly supported $16 billion in transactions connected to Iran.
Read at The BlockThe crypto debit card provider said customer funds remained safe despite the exposure of sensitive financial and personal information.
Read at CointelegraphTRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft.
Read at CointelegraphGreece has approved a crypto tax framework with a €500 ($557) annual gains threshold and new rules for staking and DeFi income, but lawmakers left important questions about token swaps unresolved.
Read at DecryptStrategy, Coinbase, Circle and Robinhood are among six companies from the venture’s initial selection with no disclosed objection, after 90% of issuers opted out.
Read at CoinDeskWhile the proposal doesn’t exclude altcoins and smaller cryptocurrencies, experts say they could face challenges getting into retirement plans.
Read at CointelegraphHyperliquid Strategies has applied to become a U.S. futures commission merchant, a move that could let Americans trade perpetual futures on permissioned Hyperliquid markets, pending regulatory approval.
Read at DecryptSavers locked out of Ueno Bank burned their cards, booed a former presidential candidate out of the crowd, and watched Congress move to remove President Peña.
Read at DecryptGnosis Pay disclosed a data breach after unauthorized access to its legacy debit card system on Nov. 3. Customer funds were not affected.
Read at The BlockFidelity and BlackRock led Thursday's Bitcoin ETF withdrawals as a technology-stock selloff rattled risk assets.
Read at DecryptBitcoin Magazine Books opened a third-anniversary campaign for Aaron van Wirdum's The Genesis Book, capping a hand-signed Collectors Edition at 333 numbered copies.
Read at Bitcoin MagazineA rule that would open up 401(k) retirement accounts to alternative assets, including cryptocurrencies, has landed at the White House.
Read at The BlockBitcoin treasury company Strive reported $509 million in third-quarter net income and purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC.
Read at CointelegraphElliptic says little of the stolen crypto has likely been cashed out, while $2.85 billion remains frozen.
Read at The BlockBTC price action stayed weak after US nonfarm payrolls data significantly beat forecasts, increasing bets of a December interest-rate hike.
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