FinCEN Proposes New Crypto Record-Keeping Rules; SEC and CFTC Issue Digital Asset Guidance; SEC Closes 2020 With Multiple Enforcement Actions Against Blockchain Firms
By EsqSocial Corporation 06/01/21
FinCEN Proposed Rule Creates New Cryptocurrency Record-Keeping Requirements - On Dec. 18, 2020, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, published a notice of proposed rulemaking that would create significant new requirements for cryptocurrency exchanges, as well as other money services businesses (MSBs) and banks that facilitate transactions in convertible virtual currency (CVC) or digital assets with legal tender status (LTDA)....
By: BakerHostetler