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
“I’m just a regular Bitcoiner caught in the crosshairs,” claimed Mark Alexander Hopkins, also known as Rizzn, prior to serving their prison sentence.
Bitcoiner sentenced to federal prison warns users involved in OTC trading
Turner Wright
2022-09-05T22:18:01+01:00
11186
News
It says users in the United States can expect digital asset services to come in the future.
US expansion for Huobi a step closer after it secures a FinCEN license
Jesse Coghlan
2022-07-06T06:51:00+01:00
2426
News
Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and dark...
FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement
Turner Wright
2022-04-28T20:00:00+01:00
1373
News
“Prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people,” said FinCEN acting director Hi...
FinCEN includes crypto in alert on Russia potentially evading sanctions
Turner Wright
2022-03-07T22:20:57+00:00
4127
News
The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets.
Averted a year ago, controversial transaction monitoring rule is back on Treasury’s radar
Kirill Bryanov
2022-01-31T18:30:00+00:00
2660
Breaking news
Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act.
BREAKING: BitMEX will pay $100M in penalties to FinCEN, CFTC
Turner Wright
2021-08-10T19:52:16+01:00
5492
News
FinCEN digital currency adviser Michele Korver believes cryptocurrency is a natural evolution in financial technology.
FinCEN's new digital currency advisor says crypto's 'just another means of payment'
Samuel Haig
2021-07-30T05:08:05+01:00
4153
Opinion
The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets.
It is time for the US to create a ‘Ripple test’ for crypto
Carol Goforth
2021-07-21T15:37:00+01:00
19406

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