FinCEN’s Proposed Rulemaking for Cryptocurrency – The Balance of National Security vs. Privacy
Author: Jenny L. ColgatePublished: January 6th, 2021Just before the Christmas holidays, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued proposed rulemaking entitled “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.” The proposed regulations seek to “require banks and money service businesses (“MSBs”) to submit reports, keep
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