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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 Director Kenneth Blanco says that the agency expects fintech firms that provide anonymous services to comply with Anti-Money Laundering standards.

Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief

2019-10-21T23:18:00+01:00

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Will Binance’s entry into the U.S. market pave the way for other prominent exchanges as well?

Launch of Binance US Can Have Far-Reaching Effects on Crypto Market

2019-09-30T19:29:00+01:00

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The United States Congress passed a bill that calls for the director of FinCEN to study blockchain in its fight against financial crime.

US Congress Asks Financial Crime Director to Study Blockchain Tech

2019-09-24T23:40:00+01:00

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Binance is seeking to navigate U.S. crypto regulations in partnership with little-known firm BAM Trading Services...

Binance to Launch US Platform Soon, Helped by a Little-Known Partner

2019-08-21T23:55:00+01:00

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FinCEN director Kenneth Blanco urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency activity.

FinCEN Director Addresses Casino Compliance With Obligations Regarding Crypto

2019-08-16T23:45:00+01:00

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Vinnik appears to be a “strategic intellectual resource” following extradition requests from multiple countries and alleged ties to an elite Russian cyber-espio...

BTC-e’s Vinnik Case Drags on as New Accusations Continue Emerging

2019-08-09T18:09:00+01:00

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Security tokens platform TokenSoft has officially launched Know Your Business support in order to comply with new regulations recently introduced by FinCEN.

US Security Token Platform Adds New Policies to Comply with FinCEN

2019-07-31T23:35:00+01:00

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House Reps question FinCEN Director Kenneth Blanco on Libra’s potential usage in illegal activity.

House Reps Question FinCEN Director on Libra’s Potential for Illegal Usage

2019-06-28T00:00:00+01:00

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