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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

Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk.

Comparing Money Laundering With Cryptocurrencies and Fiat

2020-07-30T10:20:00+01:00

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Operating a Bitcoin ATM could indeed be a lucrative business endeavor, but it just got a whole lot more complex.

Complex Compliances: Checklist for Crypto ATM Operators

2020-07-25T16:00:00+01:00

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U.S. agencies sought millions of dollars in new funding to bolster national and international cryptocurrency investigations.

The US Plan to Monitor Illegal Crypto Activities More Sufficiently

2020-06-29T16:00:00+01:00

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The head of the agency that enforces the Bank Secrecy Act and KYC requirements in the U.S. says the agency aims to help crypto innovate responsibly.

FinCEN Director Blanco Concerned About Bad Actors Hijacking Crypto

2020-05-27T21:04:00+01:00

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Experts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines.

Libra Exec Hirings Suggest Commitment to Anti-Crypto Regulations

2020-05-25T17:56:00+01:00

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An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency.

US FinCEN Awards Secret Service For Seizing $22 M in Crypto

Michael Kapilkov

2020-05-19T17:52:00+01:00

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The Libra Association has appointed former FinCEN and OFAC head Robert Werner as its chief lawyer.

Libra Association Appoints Former FinCEN Head as General Counsel

2020-05-19T15:35:00+01:00

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Bitget, a Singapore-headquartered digital asset platform, has obtained a license from the U.S. Financial Crimes Enforcement Network.

Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

2020-03-30T22:46:00+01:00

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