Pumping the Brakes: FinCEN Reopens Comment Period for Controversial Crypto Reporting & Recordkeeping Rules
By EsqSocial Corporation 18/01/21
After Widespread Market Opposition in an Expedited First Round of Comments, FinCEN Solicits More Feedback on Rule Seeking to “Close Gaps” in Virtual Currency Anti-Money Laundering Rules On January 14, in a surprise move, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) reopened comments on proposed reporting and recordkeeping rules for certain virtual currency transactions. The new comment window now extends past President-elect Biden’s inauguration on...
By: King & Spalding