US Treasury Dept sanctions Suex OTC exchange for allegedly aiding transactions for ransomware attacks
The US Treasury Department has sanctioned the Czech Republic and Suex OTC, a Russian-based company, for allegedly allowing hackers to access cryptocurrencies supplied as payment for ransomware attacks. The Treasury Department’s Office of Foreign Assets Control, or OFAC, added Suex OTC to its list of Specially Designated Nationals for whose “assets are frozen and U.S. […]
US Treasury Department is keen on stablecoin crackdown
The US Treasury Department is still planning a stablecoin crackdown, although, stablecoin Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively. The US Treasury Department is preparing a review that will focus on the issues created by stablecoin redemptions as well as the impact of a prospective run […]
Officials to clarify crypto tax reporting rules in the infrastructure bill
An official of the US Treasury Department‘s has reportedly told Bloomberg that the department is planning to clarify the issue of crypto tax in the recently passed infrastructure bill. The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the bipartisan infrastructure bill passed by the Senate last week, offering […]