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.
Expert Take
What crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations.
The crypto FBAR: Implications beyond
Jason Morton
2021-04-17T16:17:00+01:00
3803
News
Michael Mosier will replace Kenneth Blanco as the U.S. government agency’s acting director.
Former Chainalysis brass is now FinCEN’s acting director
Benjamin Pirus
2021-04-02T19:12:13+01:00
11130
News
In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions.
Proposed FinCEN rule is a 'grave threat to personal privacy,' says Coin Center
Turner Wright
2021-03-15T23:30:00+00:00
13747
Opinion
Why is the U.S. dragging its heels on crypto and blockchain regulation, as the rest of the world forges ahead with financial innovation?
Powers On... The battle for digital asset supremacy and the consequences of U.S. capitulation
Marc Powers
2021-02-11T19:33:26+00:00
14350
News
The former aide to Representative Davidson will join crypto's leading trade association.
Amid hiring spree, Blockchain Association adds Token Taxonomy Act guru to team
Kollen Post
2021-02-09T17:27:42+00:00
5824
News
The Blockchain Association's ranks swell as firms look to aid its work in keeping crypto transactions peer-to-peer.
Crypto industry jumps into lobbying in response to FinCEN
Kollen Post
2021-01-28T20:56:30+00:00
6615
News
The Treasury has opened up the comment period for its self-hosted wallet requirements for another 60 days.
With Yellen confirmed, Treasury moves forward with stalled crypto monitoring rule
Kollen Post
2021-01-26T14:47:21+00:00
14282
Expert Take
U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space?
The United States updates its crypto AML/CFT laws
Selva Ozelli
2021-01-24T15:41:00+00:00
12177

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