Guideline 2019 status not recorded
Application of FinCEN's Regulations to Certain Business Models Involving Convertible Virtual Currencies (FIN-2019-G001)
Issued by Financial Crimes Enforcement Network
Effective: 9 May 2019
Plain-English summary
FinCEN guidance stating that administrators and exchangers of convertible virtual currency generally qualify as money transmitters and so must register as money services businesses, keep an AML programme and meet reporting duties. Users acquiring CVC for their own purchases generally do not.
Who it applies to
Payments & Fintech · Crypto / VDA
Topics
AML / CFT / Sanctions Payments & Fintech / Digital Assets
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