Crypto Mixer Sinbad Sanctioned by OFAC Over Alleged Ties to North Korean Hackers
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on one more cryptocurrency mixing platform, labeling Sinbad.io as a...
Moody’s Downgrades US Credit Rating to ‘Negative’ on Fiscal Deficits and Debt Concerns
The credit score company Moody’s has revised the United States credit score outlook to “negative” from “stable” resulting from considerations over persistent giant fiscal deficits...
Biden Administration Seeks More Tools to Combat Illicit Crypto Use, Says Treasury Official
United States Deputy Secretary of the Treasury Wally Adeyemo says the Biden administration is in search of extra instruments to fight the illicit use of...
US Treasury Deputy Secretary: Crypto Not Major Source of Funding for Terrorists
U.S. Treasury Deputy Secretary Wally Adeyemo says crypto just isn’t the overwhelming majority of the methods terrorist teams are funded, noting that these organizations “continued...
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed rules aimed toward rising transparency round crypto mixing companies. These companies, the...
Ron DeSantis Vows to Prohibit CBDC, ‘Woke Politics,’ and ‘Financial Surveillance’ in Florida
Florida governor Ron DeSantis reiterated his name for a ban on central financial institution digital currencies (CBDCs) throughout a go to to Jacksonville on Tuesday....
ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations
There is a number of dialogue these days in regards to the U.S. authorities’s debt ceiling and whether or not Congress will act earlier than...
China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies
The authorities of China protested the enactment of sanctions on a collection of nationwide firms by the U.S., barring them from doing enterprise with U.S.-based...
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
The banking business within the United States remains to be struggling after the collapse of three main banks. According to statistics, financial institution lending within...
Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review
Warnings proceed to pervade market and monetary information this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the...