FinCEN

FinCEN Drops Long-Standing Crypto Wallet Rule, Easing Regulatory Pressure

The U.S. Treasury’s Financial Crimes Enforcement Network has withdrawn a 2020 proposed rule that would have imposed significant reporting and recordkeeping requirements on transactions involving unhosted crypto wallets. FinCEN confirmed it will take no further action on the proposal. It effectively ended a rule that had been hanging over the

October 6, 2026 2 mins read

FinCEN Concerns on $5 Billion in Ransomware Payments

Ransomware payments will be higher in 2021 than 2020. First half of 2021 alone accounts for $490 million. SARs alos reports $5 Billion transactions suspicious of ransomware. The blackmail of the crypto industry, the ransomware attacks upon payments if profusely on the rise. With many crypto wallets and blockchains are

October 16, 2021 2 mins read