FinCEN News

Coin Center criticizes FinCEN's over "broad" cryptocurrency mixing rule.

In an op-ed on Bloomberg Law, Steven Merriman and Jim Vivenzio of Perkins Coie raised concerns over FinCEN’s latest move to crack down on crypto mixers. The Financial Crimes Enforcement Network (FinCEN) is pushing for financial institutions to impose new…

U.S. authorities are ramping up measures against virtual currency mixers in the country's ongoing fight against using crypto to fund terror groups and cybercrime.

Crypto casinos operating in U.S. states which have legalized online gambling adhere to laid out laws and regulations. Clients also access several benefits cryptocurrencies have to offer.

Huobi Technology Holdings Limited will be introducing virtual holdings to the globe of traditional finance in the Canadian market. Cloud-based offerings, data center offerings, SaaS, digital asset finance, trust & custody, OTC, financing, exchange market, and strategic investment are covered…

According to a Twitter post by Wu Blockchain on Tuesday, 5th July, Huobi stated its subsidiary, HBIT Inc., has obtained the U.S. Financial Crimes Enforcement Bureau’s (FinCEN) Money Service Business Registration (MSB) license. What the License Means for Huobi Huobi…

On 2 April 2021, blockchain analysis startup Chainalysis raised approximately $100M in a fundraiser spearheaded by Paradigm, which uplifted its valuation above $2B.  The Future of Cryptocurrency Several investment companies participated in the fundraising, including TIME ventures, Ribbit and Addition.…

The US president elect Joe Biden will allegedly issue a freeze of all ‘midnight’ regulations set in the final days of Trump’s presidency. According to the transition spokesperson Jen Psaki, Biden will issue a memo on the inauguration day halting…

In yet another blow to the cryptocurrency industry, the US Treasury has revealed plans to mandate the reporting of crypto holdings over $10K held with foreign digital currency service providers. FinCEN, an arm of the Treasury Department that oversees domestic…

The Financial Crimes Enforcement Network (FinCEN)’s new proposed regulation has been the talk of the town since its first announcement last December. It didn’t take long for FinCEN to receive clamors of disapproval from crypto companies and pundits. And to…

Major U.S crypto companies Coinbase, Square, and Andreessen Horowitz have joined hands to fight the new AML regulations introduced by FinCEN, arguing that these restrictions could push users away from standardized platforms and choke innovation. FinCEN Midnight Crypto Rulemaking FinCEN,…

The Financial Crime Network (FinCEN) enforces new guidelines for cryptocurrency users in the US. Digital asset owners will report to foreign financial or virtual asset service providers whether they own more than USD 10,000 worth of cryptocurrency. The regulator has…

The Executive Director of CoinCenter, Jerry Brito, has revealed that he is working with people in Congress to get some letters sent to the United States Secretary of Treasury, Steven Mnuchin, requesting the extension of what he says is a…

As part of efforts to curb the use of blockchain-based virtual currencies for unlawful activities such as money laundering, the United States Financial Crimes Enforcement Network (FinCEN) has mandated all money services businesses (MSBs) such as Bitcoin (BTC) trading venues…

Top financial regulators in the United States, including the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN) have issued a joint statement reminding cryptocurrency market participants of their anti-money-laundering (AML)…

To serve as a reminder to persons who have the Bank Secrecy Act (BSA) obligations, the U.S. Financial Crimes Enforcement Network (FinCEN) on May 9, 2019, issued interpretive guidance. The guidance focuses on how FinCEN money services businesses (MSBs) regulations…