#FinCEN

how it works:1. tethers shipped to Binance/Huobi.2. these go straight into buying BTC. Number goes up.3. exchanges maintain 1:1 USDT/USD peg cos otherwise the music stops.4. bots arb the BTC
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1/ After a long wait, FinCEN has finally issued its new proposed rule extending AML regulation to non-custodial wallets.It could've been worse (really), but it's still a terrible rule in
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1/ Here is the comment letter I have submitted to @USTreasury FinCEN regarding the newly proposed regulations on cryptocurrency. I encourage everyone who may be affected by these regulations to
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1/ I've been getting a lot of questions about how FinCEN's proposed regulation should be challenged in court if it were to be finalized as written. Who will sue? How
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1/ FinCEN is now accepting public comments on its proposal to extend AML regulation to non-custodial wallets.The deadline is January 4. We have an unfairly (maybe illegally) short time for
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The National Defense Authorization Act this year does something else, though, that seems to me of far more importance to the president than the naming of military bases. It includes
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The Panama Papers, the Paradise Papers, Swissleaks, Lichtenstein Leaks, the Fincen Files - the past decade has been filled with financial secrecy scandals wherein we learned how the world's worst
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New report from US Treasury finds that in 2017,banks filed currency transaction reports for over 5,000 people who deposited at least $100k - totaling over $1.9 billion - but despite
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Why was Venezuela never designated as a PMLC?Was it because they were laundering a lot of their money into the US & China?Was it because it would show that the
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BOOM!!! S/O to @EsperPaul. Earned his follow for sure. He knows his shit. "Here are a series of snips I took from FinCen settlement. Pay attention to where it says
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Sorry Joe, we realize your Chinese media puppets won’t speak the truth but, that doesn’t mean the truth won’t be spoken...You are on the wrong side of history... Same standards
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When I see a new flashy visual tech like Structure Flow or Jigsaw I don’t think of the visual I think of the data structure needed to make that visual
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Okay -- kids are asleep. Dishes are done(ish). Time to break down this super cool AML development for US banks and FinTech. Thread follows this message.https://twitter.com/regulatorynerd/status/1285635800852553729 We'll start with a
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Thread. Justice Clarence Thomas must resign from the Supreme Court or at the very least take on Senior status while his wife's alleged financing of a terrorist attack is investigated.https://twitter.com/mjs_DC/status/1347395084527017985
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The face the new SEC chair made when he heard about the case against Ripple I have put more thought into the SEC thing. As of now I I don’t
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On Dec 18th, FinCEN announced a proposed rule that will require collection of personal information for transactions of >$3,000 sent to self-hosted wallets. https://public-inspection.federalregister.gov/2020-28437.pdf We are very con
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