US Lawmakers Want FinCEN Mandate to Explicitly Cover Crypto
A new bill facing the U.S. Congress would have FinCEN more closely examine the cryptocurrency space, according to public documents.
Decentralized applications (dapps) may sometimes qualify as money transmitters under U.S. law, FinCEN said.
U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.
U.S. lawmakers questioned FinCEN director Kenneth Blanco about potential terrorist use of Facebook's libra cryptocurrency.
U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions.
FinCEN receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a top official said Thursday.