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
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.
FinCEN Director Blanco Concerned About Bad Actors Hijacking Crypto
Kollen Post
2020-05-27T21:04:00+01:00
1385
Analysis
Experts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines.
Libra Exec Hirings Suggest Commitment to Anti-Crypto Regulations
Shiraz Jagati
2020-05-25T17:56:00+01:00
10236
News
An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency.
US FinCEN Awards Secret Service For Seizing $22 M in Crypto
Michael Kapilkov
2020-05-19T17:52:00+01:00
2178
News
The Libra Association has appointed former FinCEN and OFAC head Robert Werner as its chief lawyer.
Libra Association Appoints Former FinCEN Head as General Counsel
Samuel Haig
2020-05-19T15:35:00+01:00
5928
News
Bitget, a Singapore-headquartered digital asset platform, has obtained a license from the U.S. Financial Crimes Enforcement Network.
Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN
Helen Partz
2020-03-30T22:46:00+01:00
2872
In depth
U.S. agencies work to handle crypto in sanctions evasion, but may ultimately just cut the country off from an evolving financial world.
US Sanctions Strategy and Crypto: The Cracks Are Showing in Iran
Kollen Post
2020-03-15T15:00:00+00:00
5312
News
U.S. Congressman introduces Crypto-Currency Act of 2020, hoping to finally lay down the law as to which regulators handle which digital assets.
US Congressman Introduces Crypto-Currency Act of 2020
Kollen Post
2020-03-09T13:01:00+00:00
30428
Follow up
The Trump administration proposes boost to the Treasury’s capacity to police cryptocurrency space.
Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service
Kirill Bryanov
2020-02-18T21:30:00+00:00
5660

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