Chainalysis lays off 20% of its employees to focus on 'path to profitability'
Blockchain analytics firm Chainalysis cut its workforce by 20% Thursday, laying off 39 employees, per a CoinDesk report.
US SEC, FinCEN, CFTC Jointly Warn Against Illicit Use of Crypto Assets
The chairmen of the three primary financial regulators in the United States have released a joint statement warning crypto users of anti-money laundering (AML) and countering the financing of terrorism (CFT) obligations.
Facebook’s Inches Towards Global Regulatory Compliance, Applies for New York BitLicense
Facebook’s initiative to create an accessible, frictionless, globally-available cryptocurrency and payments network is brushing up against unprecedented regulatory hurdles, at least according to a new report from Reuters. Though the social media company is taking steps to comply with watchdogs around the world, many experts are concerned that it won’t be enough.
FinCEN Says Some Dapps Are Subject to US Money Transmitter Rules
Decentralized applications (dapps) may qualify as money transmitters under U.S. law in certain circumstances, the nation’s anti-money-laundering (AML) regulator said.
FinCEN Says It Now Receives 1,500 Crypto Complaints a Month
The Financial Crimes Enforcement Network (FinCEN) receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a top official said Thursday.