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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

U.S. securities regulators are still going after ICO cheats from the 2017-18 bull market. Initial coin offerings raised tens of billions of dollars during the l...

ICO issuer charged with fraud by SEC for selling unregistered security

2021-06-22T19:45:00+01:00

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Regulatory bodies must evolve with the markets they regulate, and when it comes to the crypto market, it becomes especially important.

How smart regulation can improve the future of blockchain

2021-06-20T16:17:00+01:00

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Unhosted wallets have started to attract increasing attention from regulators, with FinCEN and the FATF seeking to control.

Authorities are looking to close the gap on unhosted wallets

2021-05-23T12:22:00+01:00

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Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem.

Blockchain will thrive once innovators and regulators work together

2021-05-15T16:22:00+01:00

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What crypto owners should know if crypto accounts fall within the new Foreign Bank and Financial Accounts regulations.

The crypto FBAR: Implications beyond

2021-04-17T16:17:00+01:00

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Michael Mosier will replace Kenneth Blanco as the U.S. government agency’s acting director.

Former Chainalysis brass is now FinCEN’s acting director

2021-04-02T19:12:13+01:00

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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

2021-03-15T23:30:00+00:00

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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

2021-02-11T19:33:26+00:00

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