Economics, Washington, D.C., Law, United States, Drug, Finance

PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser

On Oct 26, 2020
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PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser https://t.co/FoMStpNQzh by @Coindesk 2020-10-26 12:00:04
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TRM Labs, a blockchain analytics firm with backing from PayPal, is adding Ari Redbord as its head of legal and government affairs.

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On Oct 26, 2020
@FintechBot shared
PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser https://t.co/FoMStpNQzh by @Coindesk 2020-10-26 12:00:04
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PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser

PayPal-Backed Blockchain Analytics Firm Hires Former US Treasury Adviser

TRM Labs, a blockchain analytics firm with backing from PayPal, is adding Ari Redbord as its head of legal and government affairs.

Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement

Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement

U.S. Treasury Department Under Secretary Sigal Mandelker called for global efforts to police malicious actors' use of cryptocurrencies.

U.S. Treasury targets alleged Chinese drug lords who used Bitcoin to launder cash

U.S. Treasury targets alleged Chinese drug lords who used Bitcoin to launder cash

Pursued under the Kingpin Act, the action targets Chinese nationals allegedly fueling America's opioid crisis, aided by Bitcoin to launder illicit gains.

Treasury Department warns against paying hackers involved in ransomware attacks

Treasury Department warns against paying hackers involved in ransomware attacks

The Treasury Department on Thursday issued two adversaries highlighting the dangers of ransomware cyberattacks, and warning against paying ransoms demanded by hackers. 

Negotiating ransomware payments

Negotiating ransomware payments

The US Treasury is now warning of potential sanctions violations if ransomware payments are made, citing the possibility of civil penalties even if the attacker’s identity is unknown.

U.S. Treasury warns cyber insurers payments to hackers may violate sanctions

U.S. Treasury warns cyber insurers payments to hackers may violate sanctions

Cyber insurers and other financial institutions that facilitate payments to hackers to end cyberattacks risk running afoul of sanctions rules, the U.S. Treasury Department warned on ...

Trump’s Former Sanctions Chief Joins Bitcoin Investigation Firm Advisory Board As Part Of Expanded $49 Million Investment

Trump’s Former Sanctions Chief Joins Bitcoin Investigation Firm Advisory Board As Part Of Expanded $49 Million Investment

U.S. President Donald Trump’s former Treasury undersecretary for terrorism and financial intelligence, Sigal Mandelker, has revealed her first project since leaving the White House, joining ...

FinCEN appoints Michael Mosier digital innovation officer

FinCEN appoints Michael Mosier digital innovation officer

The Financial Crimes Enforcement Network (FinCEN) welcomes Michael Mosier as its new Deputy Director and Digital Innovation Officer.

US officials charge two Chinese men for laundering cryptocurrency for North Korea

US officials charge two Chinese men for laundering cryptocurrency for North Korea

The Department of Justice has charged the two Chinese nationals for laundering cryptocurrency for North Korea-linked APT groups. The US Treasury Department and the Department of Justice ...

U.S. Department of the Treasury

U.S. Department of the Treasury

Today’s action clarifies that, in addition to his involvement in financially motivated cybercrime, the group’s leader, Maksim Yakubets, also provides direct assistance to the Russian ...

Drug Traffickers’ Crypto Addresses Blacklisted By US Treasury

Drug Traffickers’ Crypto Addresses Blacklisted By US Treasury

Crypto News: The U.S. Treasury is looking at numerous cryptocurrency addresses and alleged drug traffickers associated with them as part of the Kingpin Act.

US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines

US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines

The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed ...

Former Treasury Officials Positioned to Shape Fintech From Private Sector

Former Treasury Officials Positioned to Shape Fintech From Private Sector

A handful of recent high-profile hires could signal a stronger role being played by the private sector in the evolution of those rules.

Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service

Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service

The Trump administration proposes boost to the Treasury’s capacity to police cryptocurrency space.

Bitcoin Trader Sentenced to Two-Year Prison Term

Bitcoin Trader Sentenced to Two-Year Prison Term

A bitcoin trader has been sentenced to two years in prison and ordered to forfeit more than $800,000 “for operating an unlicensed money transmitting business,” according to the U.S. ...

US Treasury Warns of Sanctions Violations for Paying Ransomware Attackers

US Treasury Warns of Sanctions Violations for Paying Ransomware Attackers

An alarming new advisory issued today by the federal government could upend ransomware response.

Video and Transcript of U.S. Treasury Secretary’s Press Briefing on Cryptocurrencies

Video and Transcript of U.S. Treasury Secretary’s Press Briefing on Cryptocurrencies

Video and Transcript of U.S. Treasury Secretary's Press Briefing on Cryptocurrencies. The Block has edited this transcript for clarity and length.