Can I read FinCEN Proposed Rules on Digital Assets on EtoBox?

FinCEN Proposed Rules on Digital Assets by The Block is a document available to read on EtoBox.

What is FinCEN Proposed Rules on Digital Assets about?

This document proposes new reporting and recordkeeping requirements for banks and money services businesses relating to transactions involving convertible virtual currency or digital assets with legal tender status that are held in unhosted wallets or wallets hosted in high-risk jurisdictions. FinCEN is proposing these new Bank Secrecy Act requirements to address growing illicit finance threats involving cryptocurrency, including terrorism financing, sanctions evasion, and ransomware attacks. The proposal e

Author

The Block

Language

EN