FinCEN Issues First-Ever Civil Penalty Against Bitcoin Exchange

n nn nn The Financial Crimes Enforcement Network FinCEN, a bureau within the U.S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.FinCEN announced the penalty on its website on April 18, 2019, declaring that it had levied a civil money penalty against bitcoin trader Eric Powers for failing to register as a money services business MSB, having no written policies o
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