Agencies within the US Justice and Treasury Department are Seeking Millions of Dollars in Funding to Oversee the Cryptocurrency Industry

February 14, 2020 @ 7:35 am By Omar Faridi |

Federal agencies and departments established within the US Justice Department and the Treasury Department are reportedly requesting that millions of dollars be allocated to support their oversight and enforcement efforts related to the cryptocurrency industry. US President Donald Trump’s administration introduced its $4.8 trillion budget… Read More

Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged budget, financial crimes enforcement network, fince, internal revenue service, irs, ofac, office of foreign assets control, steven mnuchin, trump administration

US Treasury Department Sanctions First Bitcoin Addresses

November 30, 2018 @ 12:37 pm By Cali Haan |

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned the Bitcoin addresses of two Iranians the office says processed Bitcoin ransoms on behalf of Iranian hackers who targeted government and business sites in the US and Canada. Anyone who does… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged ali khorashadizadeh, bitcoin, department of treasury, faramarz shahi savandi, iran, marco santori, mohammad ghorbaniyan, mohammad mehdi shah mansouri, ofac, office of foreign assets control, rod rosenstein

Report Indicates US is Confiscating Bitcoin Held by Iranians

July 22, 2018 @ 4:18 pm By JD Alois |

A report in Ibena from last week indicates that the US government is confiscating Bitcoins held by Iranians and the confiscation is ongoing. According to Sepehr Mohammadi from the Iranian Blockchain Community, the US has seized 500 bitcoins or more. In May of this year,… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged bitcoin, iran, ofac, sepehr mohammadi, us department of treasury