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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

FinCEN posted vacancies for two high-profile crypto positions in a bid to get expert professional advice on the crypto industry.

US Treasury to hire crypto policy officers to combat industry crimes

2020-12-18T11:35:26+00:00

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Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved.

Congresspeople tell Treasury to back off of rumored self-hosted wallet ban

2020-12-09T23:03:34+00:00

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The Biden team looks to Janet Yellen to lead the next administration's economic policy, which will have to navigate the wreckage left in the wake of the coronav...

Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury

2020-11-23T20:40:31+00:00

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“This proposal, if adopted, would prove to be an invasion of privacy."

Crypto users speak out on proposed change to FinCEN Travel Rule

2020-11-23T19:01:34+00:00

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As everyone waits on new KYC and AML regulators, many speak out to keep unhosted wallets free of controls.

Crypto lobby defends self-hosted wallets and P2P from rumored gov't crackdown

2020-11-18T19:00:44+00:00

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The age-old question "quis custodiet ipsos custodes" crops up in force in today's Law Decoded.

Law Decoded: How I learned to stop worrying and love the election, Oct. 23–30

2020-10-30T17:21:03+00:00

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With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it's time to look at how U.S. AML law is shifting to cope with cryp...

How US authorities are using old AML tools to crack down on crypto

2020-10-24T15:45:04+01:00

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The proposed change would cut down FinCEN's longstanding $3,000 threshold.

US AML watchdog wants info on all international crypto transactions over $250

2020-10-23T22:38:05+01:00

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