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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 website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed.

FinCEN's wallet rule is open for another day of comments because 'government officials can’t count to 15'

2021-01-06T21:54:14+00:00

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The venture capital firm has taken issue with U.S. regulators latest move against crypto.

Andreessen Horowitz joins push against FinCEN's 11th-hour crypto rules

2021-01-05T08:41:32+00:00

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Major U.S crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle inno...

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

2021-01-05T03:26:33+00:00

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It looks like crypto stakeholders turned out in force, despite the Treasury's best efforts to evade scrutiny.

With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal

2021-01-04T23:00:00+00:00

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Eleventh-hour note announces the intention to propose a change in Foreign Bank and Financial Accounts regulations.

FinCEN is now interested in offshore crypto holdings, proposes new regulation

2021-01-01T10:17:00+00:00

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Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets.

Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule

2020-12-30T22:20:28+00:00

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Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space.

SEC vs. Ripple: A predictable but undesirable development

2020-12-27T17:17:00+00:00

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Coinbase says that a 15-day notice-and-comment period for FinCEN’s new crypto rules is not enough.

Coinbase seeks extended feedback deadline to FinCEN’s new crypto rules

2020-12-22T10:08:23+00:00

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