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
President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry.
President Biden freezes FinCEN's proposed crypto wallet regulations
Martin Young
2021-01-21T03:11:12+00:00
14343
Newsletter
Accompanying the presidential transition are some major questions about the role of social media in society and politics.
Law Decoded: The guard changes, and with it, the tweets, Jan. 8–15
Kollen Post
2021-01-15T21:49:51+00:00
19432
News
This is a big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian.
Treasury backs down: Crypto monitoring rule will wait until new administration
Kollen Post
2021-01-14T14:49:38+00:00
12651
Newsletter
After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks....
Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8
Kollen Post
2021-01-08T20:18:54+00:00
13848
News
The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed.
FinCEN's wallet rule is open for another day of comments because 'government officials can’t count to 15'
Turner Wright
2021-01-06T21:54:14+00:00
12256
News
The venture capital firm has taken issue with U.S. regulators latest move against crypto.
Andreessen Horowitz joins push against FinCEN's 11th-hour crypto rules
Aaron Wood
2021-01-05T08:41:32+00:00
7256
News
Major U.S crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle inno...
Jack Dorsey warns that FinCEN regulations will drive crypto users offshore
Samuel Haig
2021-01-05T03:26:33+00:00
22209
News
It looks like crypto stakeholders turned out in force, despite the Treasury's best efforts to evade scrutiny.
With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal
Kollen Post
2021-01-04T23:00:00+00:00
9030

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