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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

The former aide to Representative Davidson will join crypto's leading trade association.

Amid hiring spree, Blockchain Association adds Token Taxonomy Act guru to team

2021-02-09T17:27:42+00:00

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The Blockchain Association's ranks swell as firms look to aid its work in keeping crypto transactions peer-to-peer.

Crypto industry jumps into lobbying in response to FinCEN

2021-01-28T20:56:30+00:00

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The Treasury has opened up the comment period for its self-hosted wallet requirements for another 60 days.

With Yellen confirmed, Treasury moves forward with stalled crypto monitoring rule

2021-01-26T14:47:21+00:00

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U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space?

The United States updates its crypto AML/CFT laws

2021-01-24T15:41:00+00:00

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President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry.

President Biden freezes FinCEN's proposed crypto wallet regulations

2021-01-21T03:11:12+00:00

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Accompanying the presidential transition are some major questions about the role of social media in society and politics.

Law Decoded: The guard changes, and with it, the tweets, Jan. 8–15

2021-01-15T21:49:51+00:00

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This is a big win for the crypto industry today, which was unanimous in opposition to a new anti-money laundering rule that many saw as rushed and draconian.

Treasury backs down: Crypto monitoring rule will wait until new administration

2021-01-14T14:49:38+00:00

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After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks....

Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8

2021-01-08T20:18:54+00:00

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