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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. agencies work to handle crypto in sanctions evasion, but may ultimately just cut the country off from an evolving financial world.

US Sanctions Strategy and Crypto: The Cracks Are Showing in Iran

2020-03-15T15:00:00+00:00

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U.S. Congressman introduces Crypto-Currency Act of 2020, hoping to finally lay down the law as to which regulators handle which digital assets.

US Congressman Introduces Crypto-Currency Act of 2020

2020-03-09T13:01:00+00:00

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The Trump administration proposes boost to the Treasury’s capacity to police cryptocurrency space.

Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service

2020-02-18T21:30:00+00:00

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The deputy director of the U.S. Financial Crimes Enforcement Network says the crypto sector must not abet a “slide backward” in money laundering prevention.

FinCEN: Social Media Crypto Projects Can’t Ignore Money Laundering Risk

2020-02-10T09:59:00+00:00

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Monero’s compliance workgroup concludes that FinCEN Funds Travel Rule does not apply to underlying assets and cryptocurrencies such as XMR.

Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule

2019-12-14T13:40:00+00:00

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FinCEN’s director says the crypto industry has embraced the agency’s reporting guidelines and are internalizing it into their own reporting and operations.

FinCEN Director Notes Improved Oversight of Cryptocurrency Industry

2019-12-11T09:35:00+00:00

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FinCEN Director Kenneth Blanco said that Anti-Money Laundering laws will be strictly enforced in the world of crypto.

FinCEN Chief: US Will Strictly Enforce Anti-Money Laundering In Crypto

2019-11-15T19:36:00+00:00

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Crypto companies will need to comply with FATF regulations by June 2020, but there are still many potential stumbling blocks.

CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance

2019-11-08T14:33:00+00:00

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