The U.S. Treasury Department's first-ever fine against a virtual currency company likely signals more governmental scrutiny and worsening banking woes for the nascent sector, according to industry experts.
Federal lawmakers reintroduced legislation Wednesday that would expand enhanced reporting requirements for firms involved in the purchase of high-end residential properties in New York, Miami and a handful of other U.S. cities.
The Financial Crimes Enforcement Network issued a civil monetary penalty against BTC-e, also known as Canton Business Corporation, and Russian-based founder Alexander Vinnik for willfully violating the anti-money laundering laws.
July 26, 2017