Browsing the "FinCEN" Tag

FinCEN Says Some Dapps Are Subject to US Money Transmitter Rules

| Nikhilesh De

Decentralized applications (dapps) may sometimes qualify as money transmitters under U.S. law, FinCEN said.

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

| Yogita Khatri

U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.

Tehran, Iran

FinCEN Blasts Iran’s ‘Malign’ Use of Crypto to Bypass Economic Sanctions

| Wolfie Zhao

U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions.

FinCEN Says It Now Receives 1,500 Crypto Complaints a Month

| Muyao Shen

FinCEN receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a top official said Thursday.

US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto

| Muyao Shen

A new bill facing the U.S. Congress would have FinCEN more closely examine the cryptocurrency space, according to public documents.

FinCEN: Money Transmitter Rules Apply to ICOs

| Nikhilesh De

According to a letter released today, FinCEN believes that companies launching token sales qualify as money transmitters, and must register as such.

Treasury Official: Department Working With IRS to Police Crypto Exchanges

| Nikhilesh De

U.S. Treasury Department Deputy Sigal Mandelker explained how the department would regulate cryptocurrency exchanges in testimony before the Senate.

Pipe Dreams: Bitcoin Won’t Solve Pot Industry’s Banking Problem

| Charles Alovisetti

Cryptocurrency use could give U.S. Attorney General Jeff Sessions an excuse to crack down on state-legal pot firms, an industry lawyer warns.

Justice statue

LocalBitcoins User Pleads Guilty After Undercover Sting

| Stan Higgins

A Local Bitcoins seller based in Missouri has plead guilty to running an unlicensed money transmission business.

senate, 2013

Bitcoin’s DC Debut: All Eyes Watch the US Government’s Response

| Jerry Brito

Bitcoin regulatory expert Jerry Brito recounts the tech's early days in Washington, DC, and the work that went into its successful regulatory debut.