Op Ed Understanding the Latest FinCEN Guidance for Cryptocurrencies

n nn nn On May 9, 2019, the Financial Crimes Enforcement Network FinCEN, issued new interpretive guidance about how its regulations apply to businesses that conduct money transmissions in virtual currencies.In summary, a money services business MSB needs to register with FinCEN, which is free and done through Form 107 get an AML compliance policy that specifies what KYC information will be collected and aims to catch and prevent money laundering and terrorism desi
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