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
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
2988
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
5510
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
31653
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
5780
News
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.
FinCEN: Social Media Crypto Projects Can’t Ignore Money Laundering Risk
Marie Huillet
2020-02-10T09:59:00+00:00
3090
News
Monero’s compliance workgroup concludes that FinCEN Funds Travel Rule does not apply to underlying assets and cryptocurrencies such as XMR.
Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule
Jack Martin
2019-12-14T13:40:00+00:00
6772
News
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 Notes Improved Oversight of Cryptocurrency Industry
Marie Huillet
2019-12-11T09:35:00+00:00
1954
News
FinCEN Director Kenneth Blanco said that Anti-Money Laundering laws will be strictly enforced in the world of crypto.
FinCEN Chief: US Will Strictly Enforce Anti-Money Laundering In Crypto
Joeri Cant
2019-11-15T19:36:00+00:00
5230

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