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FinCEN Encourages Banks to Share Customer Data With Each Other- CoinDesk

FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+

The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department wing tasked with monitoring potential legal violations of domestic financial laws, wants Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial or virtual asset service providers. FinCEN announced its intention to amend the Bank Secrecy Act’s Foreign Bank and Financial …

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Vladimir Putin signs order requiring Russian public officials to disclose crypto holdings

Vladimir Putin signs order requiring Russian public officials to disclose crypto holdings

Russian public officials will now be required to declare their cryptocurrency holdings, according to a new order President Vladimir Putin signed on Thursday. According to the document, any public official or individual who wants to work in government must disclose their digital assets, as well as those of their spouse and children. They have until …

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