Photo: Coindesk Federally regulated banks can use stablecoins to conduct payments and other activities, the Office of the Comptroller of the Currency (OCC) said Monday. The federal banking regulator published an interpretive letter addressing whether national banks and federal savings associations c

It looks like crypto stakeholders turned out in force, despite the Treasury's best efforts to evade scrutiny. Photo: Cointelegraph Despite many objections to the truncated timeframe, public comments are due tonight in response to the U.S. Treasury's proposal to require businesses like crypto exchang

As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond. Photo: Cointelegraph Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury's

Photo: Coindesk Xapo, one of the earliest bitcoin custodians, is ending its service to U.S. customers as of Mar 1, according to a customer email dated Dec 30 obtained by CoinDesk. “Due to a change in our global business strategy, Xapo, Inc. is leaving the U.S. market and will be closing all U.S. cus

Photo: Coindesk The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department wing tasked with monitoring potential legal violations of domestic financial laws, wants Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial or virtual asset serv

When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations. Photo: Cointelegraph 2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, su

Photo: Leaprate The US Commodity Futures Trading Commission announced that the court entered a consent order permanently banning Mark N. Pyatt from trading commodity futures and retail forex contracts for fraudulently soliciting individuals to place funds in a commodity pool and to misappropriating

Photo: fxmarkets Treasury also accuses Vietnam of manipulating the exchange rate to gain “unfair competitive advantage”. The US has accused Switzerland and Vietnam of being “currency manipulators”, saying their foreign exchange interventions had prevented “effective balance of payments adjustments”.

Photo: Coindesk U.S. cryptocurrency users hoping to transfer their holdings from exchange to their own personal wallets may need to comply with new know-your-customer (KYC) requirements under a rule proposed by the Treasury Department Friday. Under the advanced notice of proposed rulemaking, users w

Lawyers of the alleged $4 billion Bitcoin launderer appeal to the court, arguing that Alexander Vinnik was just an employee at BTC-e. Photo: Cointelegraph The defense team of Alexander Vinnik, an alleged Bitcoin launderer who was sentenced to a five-year prison term, disagrees with the court’s decis

This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year. Photo: Cointelegraph Crypto users in the U.S. have taken to Twitter to express their confusion and frustration over the wording of a question about virtual

Photo: FM San Francisco-based Bitwise Asset Management announced on Wednesday that it has publicly listed one of its cryptocurrency funds, 10 Crypto Index Fund, on the OTCQX over-the-couter (OTC) market. This listing has allowed the investors to invest in the fund with a traditional brokerage accoun

Photo: financebrokerage What is FINRA? The Financial Industry Regulatory Authority, FINRA, is a NGO approved by Congress to protect American traders. Formed in the year 2007, the organization is the result of the merger of the regulatory committee of the New York Stock Exchange (NYSE) and the Nation

FinHub will have new independence and responsibilities, reporting directly to the SEC’s chairman. Photo: Cointelegraph As per an announcement on Dec 3, the United States Securities and Exchange Commission’s fintech team will become an independent office. Initially launched in the year 2018 under the

Photo: Congress Michigan Democrat Rashida Tlaib, along with Congressmen Jesus García and Stephen Lynch introduced a new bill today to protect consumers from risks associated with the growing cryptocurrency market in the US. The new bill seeks to make stablecoins illegal without approvals from releva