Treasury News

Tokenized treasures have grown by over 700% in one year. Learn how these digital assets are reshaping the investment scenes. The concept of digitizing traditional financial assets like government or corporate bonds for trading on blockchain platforms has transitioned from…

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that…

The U.S. Treasury is likely to double down on its approach to sanction decentralize finance in 2024, TRM Labs suggests. As the Biden administration is urging Congress to consider the most significant updates to the Treasury‘s sanctions authority, the crypto…

The government says Binance has agreed to look back and report to FinCEN about the suspicious transactions which it had failed to report. Cryptocurrency exchange Binance “willfully failed” to report to regulators more than 100,000 transactions on its platform tied…

The US Treasury Department recently revealed a proposal outlining new tax rules for the cryptocurrency industry. Among the updates is the introduction of a 1099 form for crypto transactions. The new guidelines also clarify tax obligations for digital asset miners. …

Giant stablecoin issuer Tether revealed that the company will not freeze addresses linked to sanctioned Tornado Cash until Tether receives instructions from United States law enforcement. Tether Not Taking Action Against Tornado Cash  In a statement released on Wednesday (August…

Amid the crypto market correction, the United States Treasury Secretary Janet Yellen has advised against Bitcoin. Yellen warns against using Bitcoin as a retirement fund, calling it a risky move. Secretary Yellen Calls for Crypto Regulations The Treasury Secretary sees…

Earlier today, reports regarding a split between the White House and the Treasury Secretary Janet Yellen surfaced. The reports claim that the feud will cause a delay in the release of the expected crypto executive order by the White House.

North American Bitcoin mining giant Bitfarms’ BTC adoption is going beyond mining Bitcoin and securing the network to including mined “coins” as part of its corporate treasury. Meanwhile, the company says increasingly harsher restrictions in China are helping the company…

On Dec 18, 2020, The Financial Crimes Enforcement Network (FinCEN), took a step closer to implementing its long-dreaded crypto wallet regulation. What Is the Proposal? Under the proposed rule, crypto exchanges would be obliged to make crypto users comply with…