Treasury Department
US Treasury Department Warns of NFT Risk in Art-Related Money Laundering
In a study published Friday, the U.S. Department of the Treasury warned that non-fungible tokens (NFTs) may become a tool for money laundering in the high-value art market. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest crypto focus in Washington and the outlook for NFT-specific recommendations.
US Treasury: Unhosted Crypto Wallet Rule Will Be Considered in 2022
The U.S. Treasury Department revealed a controversial rule enforcing know-your-customer (KYC) rules on unhosted or self-hosted crypto wallets might be considered in its semiannual agenda of regulations, set to be formally published in the Federal Register on Jan. 31. The rule was first proposed in late 2020 by U.S. money-laundering watchdog FinCEN. "The Hash" squad discusses the latest in crypto regulation threatening user privacy.
Treasury Nominees Pledge to Enforce New Crypto Regulation
The Senate Banking Committee held a hearing for Ryan Nelson and Elizabeth Rosenberg, who have been nominated to financial crimes roles within the Treasury Department. CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De shares some key takeaways and the implications for crypto regulation under the Biden administration.
