FinCEN director Kenneth Blanco urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency activity.
FinCEN News
The Financial Crimes Enforcement Network, or FinCEN, is a bureau of the U.S. Department of the Treasury that specializes on analysis of all financial operations in order to prevent terrorist financing, money laundering, etc. FinCEN was founded in 1990 and currently is headquartered in Vienna, VA. In 2013, FinCEN issued Bitcoin and virtual currency guidance concerning creating, obtaining, distributing, exchanging, accepting or transmitting virtual currencies. By this guidance, the companies that provide cryptocurrency-related services must report all data to the government so that it can prevent money laundering. There are also definitions for various kinds of cryptocurrency users and their responsibilities while working with digital currencies.
- News
- Recap
by Samuel Haig
Vinnik appears to be a “strategic intellectual resource” following extradition requests from multiple countries and alleged ties to an elite Russian cyber-espio...
- News
by Helen Partz
Security tokens platform TokenSoft has officially launched Know Your Business support in order to comply with new regulations recently introduced by FinCEN.
- News
by Kollen Post
House Reps question FinCEN Director Kenneth Blanco on Libra’s potential usage in illegal activity.
- News
Blockchain analysis firm Chainalysis has appointed former FinCen and U.S. DoJ official Michael Mosier as its new Chief Technical Counsel.
- Analysis
Caitlin Long and Peter Van Valkenburgh find themselves on the opposite sides of the federal-versus-state regulation divide.
- Hodler’s Digest
FinCEN’s enforcement against a p2p crypto exchanger could set a precedent, and French instant mashed potatoes go blockchain.
- Follow up
With more influential voices in academia and politics speaking out against burdensome federal regulations, is change imminent?
- News
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an advisory calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanc...
- News
Green markets are making a fresh attempt at recovery following their recent losses, with Bitcoin holding 2018 record-high dominance of total crypto market cap.
- Follow up
On July 25, the DoJ contacted users of the crypto exchange Poloniex.
- News
by Helen Partz
At a hearing in Washington DC, Coinbase’s Chief Legal and Risk Officer claimed that the current regulatory system ‘is harming healthy innovation’ of crypto.
- Expert Take
by Selva Ozelli
International tax officer sums up current state of ICO regulation in US
- Expert Take
Tax attorney gives tips on how to deal with Bitcoin and the IRS.
- Food for Thought
by Iyke Aru
Compliance-as-a-service company, Coinfirm claims to know where over 66,000 Bitcoins were moved after the BTC-e hack.
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