Tag Archives: FinCEN

Crypto users talk about the proposed change to the FinCEN travel rule

Ever since the US Federal Reserve and Financial Crimes Enforcement Network opened a proposed rule to acquire more information on smaller international transactions, many cryptocurrency users have labeled the measure as an invasion of privacy. On October 23, regulatory agencies released a long-standing rule change proposal notice in which financial …

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Leading US Firm Offers Cryptocurrency Services, Launching Blockchain Solutions Across All Sectors, CFTC Crypto Guidance Issues, FinCEN Fines Tumbler Service

In this problem: The leading US payment company launches the cryptocurrency service as adoption grows • Launch of blockchain supply chain solutions, copyright and satellite communications • CFTC Guide Addresses Crypto Deposits, Travel Rules White Paper published • Stop Target Criminal Network using Crypto, FinCEN Fines Tumbler Operator The leading …

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FinCEN states that it now receives 1,500 Crypto complaints a month

The Financial Crimes Enforcement Network (FinCEN) receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a senior official said. FinCEN director Kenneth Blanco, speaking at the Chicago Tech-Kent Block (Legal) conference, discussed the role his agency played in regulating cryptocurrencies. He noted that while cryptocurrencies may prove …

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