Cybersecurity

North Korean hackers poised to cash out $40 million in bitcoin after crypto heists, FBI warns

The law enforcement agency says it has been tracking large volumes of cryptocurrency stolen by North Korean hackers during a summer of high-profile cyber heists.

Cybersecurity

North Korea's cyber-enabled sanction evasion requires tougher response, lawmakers and experts say

Pyongyang’s growing reliance on cybercrimes to circumvent international sanctions should push the U.S. and its allies to fully enforce existing sanctions and review whether more regulations are needed to govern digital currencies.

Cybersecurity

Justice to merge 2 offices in step with cyber implementation plan

The agency has been granted new and important roles under the Biden administration’s plan to safeguard U.S. digital networks.

Emerging Tech

Lawmakers Introduce Bill to Tackle Criminal and Terrorist Crypto Activities

The companion House and Senate bills will create an independent working group to address terrorism and illicit financing on digital platforms.

Digital Government

DOJ Seizes $112 Million in Fraudulent Crypto Investments

Another week, another multi-million dollar crypto bust from the Department of Justice.

Emerging Tech

Senators Explore Possible Cryptocurrency Regulations, Threats to Economy

The Senate Committee on Banking, Housing, and Urban Affairs heard testimony that endorsed more regulations and restrictions on digital assets in the federal banking system.

Cybersecurity

Russian Hacker Pleads Guilty to Crypto Money Laundering

Denis Mihaqlovic Dubnikov used cryptocurrencies to attempt to hide his involvement in ransomware attacks on foreign and domestic companies.

Emerging Tech

Federal Reserve Issues New Restrictions on Crypto Banking

The regulator issued new policy largely prohibiting digital assets from the regulated banking environment, primarily due to security concerns.

Digital Government

Crypto Investor Charged with Market Manipulation, Defrauding Over $100 Million

Federal law enforcement continues to pursue cryptocurrency-related financial crimes as the digital asset space still lacks regulation.

Emerging Tech

White House Wants Input on Crypto Tech R&D Agenda

The feedback will inform priorities for developing digital asset technologies, including potential for a central bank digital currency.

Policy

Bipartisan Bill Aims to Prevent Money Laundering via Cryptocurrency Companies

The new legislation would apply existing financial regulations to digital asset wallets.

Emerging Tech

FinCEN to Treat Digital Asset Regulation as a 'Key Priority,' Director Says

As digital currencies and assets continue to go unregulated, federal law enforcement is actively engaged in developing guidance to prevent financial crime.

Digital Government

Lawmakers Discuss Crypto Regulatory Bill Following FTX Collapse

Members on the Senate Agriculture Committee consider applying classic market restrictions to the digital asset marketplace with financial regulators.

Emerging Tech

Capitol Hill Presses Crypto Exchanges Post-FTX Bankruptcy

Lawmakers launch probes into financial details of cryptocurrency exchanges as federal regulators stay quiet on FTX investigations.

Emerging Tech

Compliance First, Penalty Second as Feds Implement Crypto Regulations

Officials within federal law enforcement described the critical role private sector communication will play in developing digital asset regulatory guidance.

Policy

Lawmakers Question Revolving Door Between Government and Crypto Industry

A group of Democratic lawmakers issued letters to several financial regulatory agencies in a bid to examine the growing trend of former public servants working for digital asset companies.

Emerging Tech

Many Digital Assets are ‘Rife With Risks,’ Fed Official Warns

The Federal Reserve underscored the volatility that comes with digital currencies while speaking to the agency’s other modernization efforts.

Digital Government

Treasury Fines Crypto Mixer on Money Laundering

The Financial Crimes Enforcement Network imposed over $29 million in fines for Bank Secrecy Act violations.

Emerging Tech

Cryptocurrencies 'Could Pose Risks' to Stability of US Economy, Treasury Warns

The Department of Treasury’s Financial Stability Oversight Council delivered research on cryptocurrency regulation recommendations, noting the importance of legislative participation.