Latest news with #FinCEN
Yahoo
12 hours ago
- Business
- Yahoo
Tocexa Crypto Exchange Limited Secures SEC and MSB Licenses, Advancing Global Compliance Strategy
New federal licenses position Tocexa as a secure, AI-driven platform bridging traditional finance and digital assets for global investors Image by Tocexa Crypto Exchange Limited Denver, Colorado, June 01, 2025 (GLOBE NEWSWIRE) -- Tocexa Crypto Exchange Limited announced today that it has officially completed registration with the U.S. Securities and Exchange Commission (SEC) and has secured its Money Services Business (MSB) license from the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the by Tocexa Crypto Exchange Limited Tocexa's SEC registration (CIK: 0002066357, File No: 021-544925) became effective on May 1, 2025, authorizing the platform to conduct regulated activities involving U.S. stocks, ETFs, tokenized securities, and compliant digital assets. Simultaneously, Tocexa obtained its MSB license (Registration Number: 31000297125437) with approval signed on April 9, 2025, empowering the company to offer fiat-to-crypto exchange, remittance, and money transmission services in all U.S. states and territories. These dual federal credentials solidify Tocexa's role as a compliant and secure infrastructure provider for the tokenized finance ecosystem. The platform's licensing enables seamless integration with the traditional financial system, paving the way for institutional partnerships, regulated digital securities onboarding, and fiat gateway deployment. 'This milestone is more than a regulatory checkbox—it's a statement of our long-term commitment to global trust and transparency,' said Felix Wegner, CEO of Tocexa. 'We're proud to build an AI-powered trading infrastructure anchored in real compliance.' Looking forward, Tocexa has announced plans to expand its licensing footprint in key international jurisdictions, including: Hong Kong SFC license application (Type 1 & 7 underway), UK FCA registration for cryptoasset activities, Dubai VARA licensing for Web3, tokenized securities, and institutional onboarding. These developments reinforce Tocexa's mission to build a truly borderless, compliant, and intelligent digital trading environment for global investors. About Tocexa Crypto Exchange Limited Tocexa Crypto Exchange Limited is a U.S.-registered digital asset and securities trading platform headquartered in Denver, Colorado. The company is licensed by the U.S. SEC and FinCEN, enabling it to offer legal crypto exchange, tokenized stock trading, and institutional cross-border financial services. Powered by its proprietary AI trading system ChainIQ™, Tocexa is building the next generation of secure, compliant, and intelligent global trading infrastructure. Media Contact:Isabella HartTocexa Crypto Exchange Limitedinfo@ Attachment Image by Tocexa Crypto Exchange Limited
Yahoo
12 hours ago
- Business
- Yahoo
Tocexa Crypto Exchange Limited Secures SEC and MSB Licenses, Advancing Global Compliance Strategy
New federal licenses position Tocexa as a secure, AI-driven platform bridging traditional finance and digital assets for global investors Image by Tocexa Crypto Exchange Limited Denver, Colorado, June 01, 2025 (GLOBE NEWSWIRE) -- Tocexa Crypto Exchange Limited announced today that it has officially completed registration with the U.S. Securities and Exchange Commission (SEC) and has secured its Money Services Business (MSB) license from the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the by Tocexa Crypto Exchange Limited Tocexa's SEC registration (CIK: 0002066357, File No: 021-544925) became effective on May 1, 2025, authorizing the platform to conduct regulated activities involving U.S. stocks, ETFs, tokenized securities, and compliant digital assets. Simultaneously, Tocexa obtained its MSB license (Registration Number: 31000297125437) with approval signed on April 9, 2025, empowering the company to offer fiat-to-crypto exchange, remittance, and money transmission services in all U.S. states and territories. These dual federal credentials solidify Tocexa's role as a compliant and secure infrastructure provider for the tokenized finance ecosystem. The platform's licensing enables seamless integration with the traditional financial system, paving the way for institutional partnerships, regulated digital securities onboarding, and fiat gateway deployment. 'This milestone is more than a regulatory checkbox—it's a statement of our long-term commitment to global trust and transparency,' said Felix Wegner, CEO of Tocexa. 'We're proud to build an AI-powered trading infrastructure anchored in real compliance.' Looking forward, Tocexa has announced plans to expand its licensing footprint in key international jurisdictions, including: Hong Kong SFC license application (Type 1 & 7 underway), UK FCA registration for cryptoasset activities, Dubai VARA licensing for Web3, tokenized securities, and institutional onboarding. These developments reinforce Tocexa's mission to build a truly borderless, compliant, and intelligent digital trading environment for global investors. About Tocexa Crypto Exchange Limited Tocexa Crypto Exchange Limited is a U.S.-registered digital asset and securities trading platform headquartered in Denver, Colorado. The company is licensed by the U.S. SEC and FinCEN, enabling it to offer legal crypto exchange, tokenized stock trading, and institutional cross-border financial services. Powered by its proprietary AI trading system ChainIQ™, Tocexa is building the next generation of secure, compliant, and intelligent global trading infrastructure. Media Contact:Isabella HartTocexa Crypto Exchange Limitedinfo@ Attachment Image by Tocexa Crypto Exchange LimitedError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Judge Declines to Order DOJ to Review Records in Roman Storm Case
The federal judge overseeing Roman Storm's prosecution declined to order the Department of Justice to review its records for any materials it might have missed that would help the Tornado Cash developer at the end of a 30-minute hearing Friday morning, though she told the government it should not have any disclosure issues. Judge Katherine Polk Failla also ruled that there were no Brady violation concerns with the Department of Justice's conversations with the Financial Crimes Enforcement Network (FinCEN) about whether mixers needed to register as money transmitters — the conversation that prosecutors pursuing Samourai Wallet developers had with FinCEN officials, but not the prosecutors on Storm's case — one of the DOJ representatives said in the phone conference on Friday. If the judge had found that prosecutors had withheld information, it could affect the case moving forward. "I'm not going to require a further review based on the representations made that there's no additional material of this type, and based on my views that I don't believe the material was exculpatory," she said. "There's a difference between 'this is something I'd like to know' and 'this is a Brady violation,'" the judge said, referring to a Supreme Court precedent that requires prosecutors to share any and all information that might help a defendant with the defendant's team. Storm's defense attorneys argued during the hearing that they needed to know when the prosecutors in their case learned about the FinCEN conversation. "They do plan to say they're charging a conspiracy to operate an unlicensed money transmitter," said defense attorney Brian Klein. "My question is who are they supposed to be licensed with? … this is all in the same issue. They've only dropped one subpart … but they're still going to say they're charging an unlicensed money business." Thane Rehn, a prosecutor who worked on the DOJ case against Sam Bankman-Fried, said that his team wouldn't argue that Tornado Cash needed to secure a license. "The word 'license' doesn't apply here and the jury won't be instructed on licensing issues … what we intend to prove at trial is the defendant knew they were transmitting funds derived from criminals," he said. The judge did at multiple points ask the prosecutors if they planned to change any other theories or charges in the weeks leading up to the trial, saying doing so might be unfair to the defense. The trial is supposed to kick off in less than two months.
Yahoo
3 days ago
- Politics
- Yahoo
Samourai Wallet Files to Dismiss DOJ Case, Citing FinCEN Guidance
The co-founders of Bitcoin privacy app Samourai Wallet pushed back against the U.S. government's criminal charges, arguing in a new court filing that the Department of Justice's case should be thrown out because it breaks with years of Treasury Department policy and threatens to criminalize open-source software. Keonne Rodriguez and William Hill, charged with operating an unlicensed money transmitting business and conspiracy to commit money laundering, filed a joint motion asking a federal judge in Manhattan to dismiss the indictment. The pair's lawyers say Samourai Wallet never handled user funds and shouldn't be considered a financial institution or a money transmitter under federal law. At the heart of the dispute is the distinction between custodial services, which take control of customer assets, and non-custodial tools like Samourai, which merely help users obscure blockchain transactions using a method called CoinJoin. According to the motion, Samourai users always retained control of their crypto, and the app simply coordinated privacy-enhancing transactions among them. The developers' defense cited longstanding guidance from the Treasury Department's Financial Crimes Enforcement Network (FinCEN), that anonymizing software providers are not subject to money transmitter rules. 'FinCEN never maintained that it was a money transmitting business that must be licensed. To the contrary, FinCEN consistently advised that companies and software apps that did not 'accept' or 'transmit' funds were not 'money transmitting' businesses,' the filing reads. The defense argues that the Department of Justice's charges mark a sharp and unprecedented break from that interpretation 'in an apparent regulatory power struggle with FinCEN.' To them, the DOJ's conduct is akin to 'charging a shovel manufacturer because it may know murderers use shovels to bury victims' or 'charging a burner phone manufacturer because it may know some customers use the phones to facilitate drug crimes.' In the motion, the lawyers warned that the DOJ's theory could implicate a wide range of developers building privacy tools. Several crypto advocacy groups, including Coin Center and the DeFi Education Fund, have signaled interest in filing amicus briefs in support of the motion, warning that the case could chill innovation and infringe on civil liberties if allowed to proceed. The court is scheduled to hear arguments on July 22.
Scoop
5 days ago
- Business
- Scoop
Providing Sanctions Relief For The Syrian People
Marco Rubio, Secretary of State May 23, 2025 In accordance with the President's promise to deliver sanctions relief to Syria, I have issued a 180-day waiver of mandatory Caesar Act sanctions to ensure sanctions do not impede the ability of our partners to make stability-driving investments, and advance Syria's recovery and reconstruction efforts. These waivers will facilitate the provision of electricity, energy, water, and sanitation, and enable a more effective humanitarian response across Syria. In addition, the Department of the Treasury issued Syria General License (GL) 25 to authorize transactions by U.S. persons previously prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria. The GL will allow for new investment and private sector activity consistent with the President's America First strategy. The Financial Crimes Enforcement Network (FinCEN) is providing exceptive relief to permit U.S. financial institutions to maintain correspondent accounts for the Commercial Bank of Syria. Today's actions represent the first step in delivering on the President's vision of a new relationship between Syria and the United States. President Trump is providing the Syrian government with the chance to promote peace and stability, both within Syria and in Syria's relations with its neighbors. The President has made clear his expectation that relief will be followed by prompt action by the Syrian government on important policy priorities. The sanctions waiver is issued pursuant to section 7432(b)(1) of the Caesar Syria Civilian Protection Act of 2019 (22 U.S.C. 8791 note).
