Home > money service banks
FinCEN’s Proposed Rulemaking for Cryptocurrency – The Balance of National Security vs. Privacy
Rothwell Fig logo 1 | International Network of Boutique and Independent Law Firms

Author: Jenny L. Colgate Published: January 6th, 2021 Just 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

Read More
square, digital assets with legal tender status, unhosted wallets