fincen

Bitcoin News Summary – February 17, 2020

 The Trump administration plans to implement new regulations around the cryptocurrency industry. US Treasury Secretary Mnuchin announced to Congress that FinCEN (the Financial Crimes Enforcement Network) will shortly release the new regulations. While Mnuchin spoke favorably of the potential of stablecoins to make “small Dollar payments cross-border,” he warned that crypto privacy allows for money laundering. Early this week, multiple reports were circulating regarding the theft of funds from the IOTA Trinity wallet. The IOTA team took the decision to turn off the Coordinator, in effect freezing all transactions