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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.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

International tax officer sums up current state of ICO regulation in US

ICOs Flow Continues As Regulations Fall Around the World: Expert Blog

2017-11-26T13:55:00+00:00

29694

Tax attorney gives tips on how to deal with Bitcoin and the IRS.

Ten Tax Tips for Cryptocurrency: Expert Blog

2017-11-09T03:45:00+00:00

28860

Compliance-as-a-service company, Coinfirm claims to know where over 66,000 Bitcoins were moved after the BTC-e hack.

Tracing 66,000 Bitcoins: What We Should Learn From BTC-e Story

2017-08-14T20:10:00+01:00

22041

US Securities and Exchange Commission (SEC), the Internal Revenue Service, FinCEN, Department of Homeland Security, and other government agencies have officiall...

Cryptsy: ‘We Have Never Been Investigated for Anything’

2015-10-06T10:01:26+01:00

637

Bitcoin mining pools BTCChina, BitFury, KnCMiner and 21 Inc. are now publicly backing Core developer Jeff Garzik's BIP100 block size limit proposal, and more to...

AUG 28 DIGEST: Major Mining Pools Support BIP100; Tree Signatures Proposed by Blockstream's Pieter Wuille

Aaron van Wirdum

2015-08-28T13:06:07+01:00

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An anonymous Dutch bank employee has revealed that major banks in the EU are applying new rules forcing banks

EU Banks Forced to Report Bitcoin-Linked Accounts Transacting Over €1,000

Charlie Richards

2015-06-24T13:38:13+01:00

1788

The United States' Financial Crimes Enforcement Network (FinCEN) has announced it is working to investigate a string of digital currency businesses, assessing w...

FinCEN Examinations of Digital Currency Businesses ‘Will Drive Innovation Overseas'

Charlie Richards

2015-05-07T15:45:00+01:00

1018

Cryptor Trust launches a blockchain investment company, FinCEN says it is to perform an examination of digital currency-related enterprises and more news.

MAY 7 DIGEST: Cryptor Trust Launches Blockchain Investment Company, FinCEN to Examine Crypto-related Businesses.

Daniel O. Nyairo

2015-05-07T12:33:36+01:00

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