Tag: FinCEN

cryptocurrency lending

Senator Warren dreaded over crypto and sanctions with a new bill

March 9, 2022

  Democratic Senator Elizabeth Warren is working on a bill to deal with the use of crypto to avoid economic sanctions. Warren’s new anti-crypto step runs along with a push from the U.S. government to end the chance of Russia using crypto to ignore a host of economic sanctions placed on the country. As per […]

emerging of cryptocurrency in market

FinCEN contains crypto in an alert on Russia potentially eluding sanctions

March 8, 2022

The United States Financial Crimes Enforcement Network (FinCEN) is a bureau of the Treasury Department that has instructed financial organizations to analyze crypto as a possible means Russia may strive to use to avoid sanctions related to the nation’s military action in Ukraine. In a recent alert, FinCEN remembered U.S.based financial organizations with awareness of […]