Happy 3rd Anniversary: FinCEN guidance

March 25, 2016
Share the news!

Three years ago this past Friday (03/18), FinCEN released its regulatory guidance on digital currencies. Those involved in creating, distributing, exchanging, and transmitting digital currencies were deemed money transmitters and thus subject to FinCEN registration and regulatory oversight.

“Depending on who you speak to, the issuance of our guidance was either the best thing that ever happened to bitcoin or the worst thing.”

-FinCEN Director, Jennifer Shasky Calvery (The Rise and Rise of Bitcoin)

Similiar Blog Post

AB 2269 – What does this bill mean for the Crypto industry?

August 17, 2020
This old-fashioned scam is more prevalent than you think — and your customers could be at risk. If you run a cryptocurrency exchange, kiosk...

UPDATE: Ukraine bitcoin market is hot, but beware of U.S. regulatory sanctions

August 17, 2020
This old-fashioned scam is more prevalent than you think — and your customers could be at risk. If you run a cryptocurrency exchange, kiosk...

How cryptos can work with cannabis companies in compliance

August 17, 2020
This old-fashioned scam is more prevalent than you think — and your customers could be at risk. If you run a cryptocurrency exchange, kiosk...