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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

3 warning signs suggest the Bitcoin price rally is overextended

One currency to rule them all: Facebook’s Diem has global ambitions

Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act.

BREAKING: BitMEX will pay $100M in penalties to FinCEN, CFTC

2021-08-10T19:52:16+01:00

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FinCEN digital currency adviser Michele Korver believes cryptocurrency is a natural evolution in financial technology.

FinCEN's new digital currency advisor says crypto's 'just another means of payment'

2021-07-30T05:08:05+01:00

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The SEC’s approach to crypto must be modified to more clearly articulate how securities laws should apply to digital assets.

It is time for the US to create a ‘Ripple test’ for crypto

2021-07-21T15:37:00+01:00

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Michele Korver’s appointment to the U.S. Financial Crimes Enforcement Network promises to reduce illicit financial practices within the crypto space.

DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters

2021-07-09T16:37:00+01:00

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Michele Korver has been involved in crypto-focused Anti-Money Laundering operations since as early as 2013.

BREAKING: US financial regulator FinCEN hires its first-ever chief digital currency adviser

2021-07-06T15:34:34+01:00

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Market Analysis

A $2,200 Ether price would give bulls a $28-million advantage in this week’s ETH options expiry, but traders are more focused on the impact of the London hard f...

Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry

2021-07-02T02:17:50+01:00

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FinCEN will soon issue regulations on how financial institutions should incorporate its priorities on crypto considerations into their AML programs.

FinCEN lists cryptocurrencies as top AML and CFT priorities

2021-07-01T17:03:47+01:00

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Following bans in Japan, the U.K. and Ontario, Binance is ramping up its compliance efforts with a specialized tool developed by crypto intelligence firm Cipher...

Binance tackles Travel Rule compliance after multiple bans

2021-06-30T17:00:00+01:00

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