BitMEX Fined $100M in Latest Crypto Crackdown
U.S. regulators alleged the exchange traded digital assets without verifying customer identities and implementing an anti-money laundering program.
Square CEO Opposes FinCEN’s Proposed Crypto Rules
Jack Dorsey says the new rules will drive cryptocurrency users to use unregulated third-party wallets, including ones hosted outside the United States.
U.S. Finds Surge in Business Email Scams
FinCEN reports that the total value of attempted thefts climbed to an average of $301 million per month in 2018 from only $110 million per month in 2016.
Feds Move to Curb Real Estate Secrecy
The anti-money laundering action means buyers of high-end property in Manhattan and Miami can no longer hide behind shell companies.
Regulators Fine Virtual Currency Firm $700,000
Ripple Labs, creator of the XRP digital currency, failed to maintain money laundering programs or register as a money services business, charges FinCEN.