Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office

Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says

• 2023-07-25
• Financial Services Committee Financial Stability Oversight Council Rep. Maxine Waters financial regulators financial regulator Stephen Lynch crypto assets coordination mechanism financial transactions regulatory concerns

IRS Trains Ukraine Law Enforcement to Track and Trace Russia's Cryptocurrency Moves

"We resist the aggressor state not only on the battlefield, but also on the economic front," said the head of Ukraine's Economic Security Bureau.

• 2023-05-12
• IRS-CI Ukrainian authorities Russian invasion of Ukraine law enforcement agencies Internal Revenue Service Chainalysis financial transactions Economic Security Bureau Criminal Investigations private sector

Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog

Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards

• 2023-03-09
• Public Company Accounting Oversight Board PCAOB financial transactions reserve holdings

South Korea reports US$4.3 billion in illegal foreign transactions involving cryptocurrencies

The Korea Customs Service has identified US$4.3 billion worth of illegal foreign currency transactions last year involving cryptocurrencies.

• 2023-03-07
• South Korea Korea Customs Service financial transactions illegal transactions overseas markets