U.S. Treasury sanctions cryptocurrency 'mixer' group over money laundering
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The Treasury announced sanctions against Tornado Cash, a virtual currency 'mixer,' over accusations of money laundering facilitation, and more of today’s top stories.
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The Treasury Department said that Tornado Cash, since it began operating in 2019, has laundered over $4 billion worth of cryptocurrency.
In other news today:
After more than a year of stop-and-start negotiations, Democrats agreed to a narrow bill to invest in energy initiatives, curb drug prices and reduce the deficit, paid for by new corporate taxes.
The American Institute of CPAs has sent comments to lawmakers in the House and Senate about the tax proposals in the Biden administration's climate, tax and spending bill.
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All Bonadio Group offices were closed on Friday, as the CPA firm celebrated its fifth annual Purpose Day.