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Though cannabis' status as a Schedule 1 controlled substance has hampered the industry's ability to fully integrate into the digitally dominated payment world, with credit card issuers refusing to...
They use sham bank accounts and online marketplaces to create “drop accounts” to steal from almost anyone — and some banks do little to fight the fraud. One victim: the Illinois EPA.
Crypto advocacy group Coin Center has criticized OFAC’s indictment of two Tornado Cash developers, arguing they didn’t run an “unlicensed money transmission” because the protocol itself doesn’t fall under FinCEN’s definition of a “money transmitter.”
Editor’s note: This post was originally published in October 2020 and has been updated for accuracy and comprehensiveness. They say more is better. And that’s true in many cases, but...
On July 26, 2023, the departments of Justice, Commerce and Treasury jointly issued a compliance note urging the voluntary disclosure of violations of national security laws, including sanctions and export controls.