On 11th May, Bitcoinist reported that on May 9th, FinCEN published new guidelines showing how AML laws apply to Bitcoin and the rest of the cryptocurrency in general – chiefly to provide regulatory clarity for cryptocurrency businesses in determining whether they are money transmitters under the Banking Secrecy Act (BSA).  The article says that notable cryptocurrency legal expert Jake Chervinsky provided a summary examination of the key highlights from the FinCEN guidelines.

The FinCEN 30-page guidance is at –

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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