U.S. Treasury

Bitcoiners have maintained that inflation is here to stay for months, and politicians wake up to that reality. Janet Yellen – Treasury Secretary of the United States – recently admitted that rising prices in the US are no “transitory” phenomenon. Her words echo those of Federal Reserve Chairman Jerome Powell, who said days ago that we should “retire” the term. Inflation Isn’t Ending Soon, Says Yellen Yellen offered her inflation forecast during a Reuters-sponsored event on Thursday. According to the…

On September 21st, the U.S government took action against Suex, a Russian cryptocurrency broker. According to the announcement, the sanctions on Suex should eliminate criminal-related activities. Furthermore, the directive came from the Treasury’s Office of Foreign Assets Control (OFAC). The War on Illicit Financing According to the Treasury’s announcement, criminal networks use cryptocurrencies and exchanges to launder money. As per the government, such incidents affect the country’s economy. Essentially, Suex’s services combine illegal ransomware transactions with genuine transfers. So, for…

The Treasury Department has made it official that any cryptocurrency transfer worth $10,000 or more will be reported to the Internal Revenue Service.  The step marks the first of many in the crackdown on cryptocurrency markets and transactions. The Treasury Department said that cryptocurrency already presents a significant detection issue by enabling criminal activity in broadest measure, including tax evasion. U.S. Treasury's Crypto Clampdown Bitcoin has always struggled to marginalize official bodies. Janet Yellen, known for her crypto skepticism, and…