Happy 3rd Anniversary: FinCEN guidance

March 25, 2016

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

What every crypto business should do for consumer protection

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 Cryptocurrency Businesses Can Get On The Good Side Of Regulators

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...

Is Running A Crypto Business Really That Risky?

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...