FinCEN News

U.S. agencies sought millions of dollars in new funding to bolster national and international cryptocurrency investigations.

The head of the agency that enforces the Bank Secrecy Act and KYC requirements in the U.S. says the agency aims to help crypto innovate responsibly.

Experts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines.

An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency.

The Libra Association has appointed former FinCEN and OFAC head Robert Werner as its chief lawyer.

Bitget, a Singapore-headquartered digital asset platform, has obtained a license from the U.S. Financial Crimes Enforcement Network.

U.S. agencies work to handle crypto in sanctions evasion, but may ultimately just cut the country off from an evolving financial world.

U.S. Congressman introduces Crypto-Currency Act of 2020, hoping to finally lay down the law as to which regulators handle which digital assets.

The Trump administration proposes boost to the Treasury’s capacity to police cryptocurrency space.

The deputy director of the U.S. Financial Crimes Enforcement Network says the crypto sector must not abet a “slide backward” in money laundering prevention.

Monero’s compliance workgroup concludes that FinCEN Funds Travel Rule does not apply to underlying assets and cryptocurrencies such as XMR.

FinCEN’s director says the crypto industry has embraced the agency’s reporting guidelines and are internalizing it into their own reporting and operations.

FinCEN Director Kenneth Blanco said that Anti-Money Laundering laws will be strictly enforced in the world of crypto.

Crypto companies will need to comply with FATF regulations by June 2020, but there are still many potential stumbling blocks.

FinCEN Director Kenneth Blanco says that the agency expects fintech firms that provide anonymous services to comply with Anti-Money Laundering standards.