Blacklisted from bitcoin sellers that have US FinCEN approval
I have tired to purchase bitcoin recently from several bitcoin selling services, trying to buy with a debt card and ID verification. I had used these services several times in the past over the last 5 years. It started with a cashapp ban. The i was banned from coinmama, paybis, and coinbase. All one immediately after the other once I tried too make transactions after the cash app ban. They all tell me that their security team determined they cannot do business with me any longer after being a long time customer with all of these companies. They added ingury to insult by saying they cannot discuss why I am banned do you security reasons so I have no idea and think I may be on a USA FinCEN blacklist or similar but cannot find any info on it. Who else has had this issues? I think the worse thing I did was Withdrawl my coins from my seller wallet to a primdice bitcoin dice betting app. I had no idea the ban would be universal. Can you guys give me some info, I run a small business that runs off bitcoin payments and if I cannot convert my coins to fiat I will go out of business right away.
A lawyer's advice on FinCen & Bitcoin regulation, will the US Govt. ever catch up?
At the Bitcoin2013 conference in San Jose last weekend there was an interesting discussion during the government regulation panel. Some interesting highlights were:
Registering in all 50 states takes years and millions of dollars
Penalties include serious jail time
Even the US dollar is not clearly defined under US law, what chance does BTC have
According to the government, one ounce of gold = $50, that's not outdated at all...
Long story short, there's a ton of gray area and unknowns when dealing with this stuff, the government is way behind, but as a company who's starting an exchange dealing in USD to crypto, we have to play by the rules. To all the legal minds out there, how do you comply under these conditions and timeframes? Where do you think regulation is headed? How could we lobby or communicate better with regulators to help them understand and embrace BTC? Let's get the convo started, there's too many unanswered questions
FinCEN ruling opens doors for big banks to run Bitcoin show in US
The recent guidelines are effectively creating a glass ceiling for startup Bitcoin-related businesses in the US. With the high capital costs for acquiring licensure, it will be an uphill battle. This leaves the playing field wide open for those entities that already have licenses, or the existing funds to acquire them. Obtaining bitcoins before that happens will cause a rush of demand. Be prepared for a JP Morgan Chase Bitcoin card, complete with AML/KYC compliance.
BTC-e also processed transactions involving funds stolen between 2011 and 2014 from one of the world’s largest bitcoin exchanges, Mt. Gox. BTC-e processed over 300,000 bitcoin in transactions traceable to the theft. FinCEN has also identified at least $3 million of facilitated transactions tied to ransomware attacks such as “Cryptolocker” and “Locky.” Further, BTC-e shared customers ... According to FinCEN, Bitcoin peer-to-peer trading platforms like Localbitcoins are money transmitters. The regulatory watchdog characterized P2P exchanges as entities engaged in trading bitcoin and other cryptocurrencies. Thus, BTC traders on Localbitcoins who have dealings in the U.S. must perform mandatory know-your-customer (KYC) processes and abide by AML laws. This guideline also means ... US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise Oct 23, 2020 at 18:35 UTC Updated Oct 23, 2020 at 19:31 UTC (Rob Crandall/Shutterstock) Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for ... BTC/USD: Aktueller Bitcoin - US-Dollar Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BTC in USD.
US CRYPTO REGULATIONS SOON Steve Mnuchin Trump IMF - Binance US & BRD XRP - Bitcoin Miner Stock Up
The US Financial Crimes Enforcement Network (FinCEN) said it has assessed a USD 60m civil money penalty against Larry Dean Harmon, the founder, administrator... FinCen Files: Großbanken in kriminelle Machenschaften verwickelt, Tyler Winkelvoss bezeichnet Bitcoin besser als Gold und Twitter mit Gerüchten um Bitcoin Ka... US Senate Congress Bitcoin hearing issues FULL VIDEO ... FinCEN director Jennifer Shasky Calvery warned virtual currency companies against fleeing US shores in the hope of more lenient regulatory ... Join Bitcoin Magazine's Brandon Green and Peter Chawaga as they recap this past week of news in Bitcoin. They cover the following topics! FinCEN released a c... - Trump administration to release new FinCEN requirements for cryptos, Steve Mnuchin tells Congress. Cryptocurrency Act Of 2020 - IMF tweets "The rapid growth of crypto assets raises questions ...