Treasury
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US Treasury asks regulators to take more action against crypto scams
The Treasury has called on federal regulators to further crack down against crypto scams.
US imposes sanctions on cryptocurrency mixer that allegedly laundered over $7 billion
The US has sanctioned Tornado Cash, a cryptocurrency mixer that reportedly helped North Korea launder stolen funds.
US Treasury issues first-ever sanctions against a cryptocurrency mixer
The US Treasury has issued its first sanctions against a digital currency mixer, accusing Blender of helping North Korea launder crypto.
Foreign state hackers reportedly breached the US Treasury (updated)
Hackers backed by a foreign government reportedly breached the US Treasury Department and NTIA, stealing info in the process.
US Treasury sanctions Russians for hacking and election meddling
The US government isn't done taking action against Russians accused of hacking and interference campaigns. The Treasury Department has leveled sanctions against 16 current and former GRU intelligence officers (some of whom were targeted in earlier indictments) for their involvement in multiple campaigns against the US, including the Democratic National Committee hacks, World Anti-Doping Agency hacks and election meddling efforts.
EVs, 5G and fintech: How the Autumn Statement affects UK tech
Another Autumn Statement, another set of promises that may or may not improve the lives of British citizens. Amongst the usual tax and welfare modifications, chancellor Philip Hammond announced some new policies that will affect the technology, science and transport industries. Most of them are bundled in the new National Productivity Investment Fund (NPIF), a long-term project designed to make the public more efficient in the workplace, improving the UK economy and people's work-life balance in the process. In total, the government says it will spend an extra £23 billion through the fund, starting in 2017/18 and ending in 2021/22.
UK government scraps the paper car tax disc after more than 90 years
Almost a century after its introduction, the UK government is set to scrap the paper car disc and go all in with its electronic register. According to the BBC, its death was confirmed by the UK Treasury ahead of Chancellor George Osborne's Autumn Statement later today, meaning motorists will no longer need fix a disc in their car window to prove they've taxed their car. "This is a visual symbol of how we are moving government into the modern age," says the UK government, which will also announce that vehicle owners can pay for their duty by monthly direct debit, adding 5 percent to the overall cost. From October 2014, authorities will identify whether tax has been paid through a car's license plate, allowing it to recoup £7 million in admin costs and save UK drivers the hassle of waiting for that little paper disc to come through the post.
U.S. government hits snag printing new $100 bills, prints old ones instead
The U.S. Treasury Department may have been eager to open the doors to its money printing factory back in July to show off its brand new $100 bills, but it looks to be a decidedly different story today. As CNBC reports, all of the added security measures have apparently been harder to print than expected, and have resulted in a creasing problem that has left some bills with a blank portion on the face. The real problem, however, is that it's not clear how many bills have the flaw, which has forced the department to "quarantine" some 1.1 billion bills until they can be sorted -- one person familiar with the matter says as many as 30 percent were affected at the height of the problem. As you might expect, that accounts for a pretty big chunk of the bills intended for circulation, which has forced the fed to print some more of the older $100 bills that still feature Bush Treasury Secretary Hank Paulson's signature in the meantime.
