Treasury – Page 8 – Ƀitsell X

FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms

April 19, 2022

On April 18, the Federal Bureau of Investigation (FBI), the U.S. Treasury Department, and the Cybersecurity and Infrastructure Security Agency (CISA) published a Cybersecurity Advisory (CSA) report concerning malicious North Korean state-sponsored cryptocurrency activity. According to the U.S. government, law enforcement officials have observed North Korean cyber actors targeting specific blockchain companies in the industry.…
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OFAC Update Claims Ronin Hack Is Tethered to North Korea’s Hacker Syndicate Lazarus Group

April 15, 2022

According to the U.S. Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin bridge hack may have been tied to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have tied the flagged ethereum address connected with the Ronin bridge exploit to the group of hackers and added the…
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Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720

March 24, 2022

Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules regarding cryptocurrency after Model 720 was declared to be illegal…
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Treasury to launch financial education initiative around crypto investments

March 9, 2022

More education and awareness for crypto asset investing “would be helpful” according to Treasury officials. The United States Treasury Department is launching a new initiative to raise awareness of the risks involved in investing in digital assets. The move comes as the asset class transitions from a niche market into mainstream investment according to a…
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Janet Yellen let slip details of Biden’s executive order on crypto

March 9, 2022

The Treasury’s statement came a day early and was removed from the site, but not before the details of how Secretary Yellen plans to respond to President Biden’s forthcoming order. A statement from U.S. Treasury Secretary Janet Yellen on President Joe Biden’s executive order regarding digital assets calls for efforts to support innovation while addressing…
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US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government

March 1, 2022

The Treasury Department guidelines equated crypto transactions to “deceptive or structured transactions or dealings” in attempting to evade U.S. sanctions. The Treasury Department and reportedly the White House are warning U.S.-based companies and individuals not to facilitate crypto transactions sent to certain Russian nationals and banks. According to regulations from the Treasury Department’s Office of…
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Puerto Rican Treasury Department Aims to Tax NFT Sales

February 10, 2022

The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents…
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Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin

February 6, 2022

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to “financial hell,” he advised, “Save gold, silver, and bitcoin.” Robert Kiyosaki’s Warning and Advice Robert…
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US Treasury official beckons new stablecoin regulations

December 20, 2021

“If Congress does not enact legislation, the regulators will try to use what authority they have,” stated the U.S. Treasury official Nellie Liang. The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation speculation with…
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UK Treasury and central bank will consult on CBDC, potentially launching by 2030

November 10, 2021

“The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made. The Bank of England and the United Kingdom finance ministry are planning to launch a consultation on the possible rollout of a central bank…
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