FinCEN Proposes Virtual Currency Mixing Regulation: ‘Primary Money Laundering Concern’ – Fin Tech

Modern De-SPAC and the Way Forward - Securities

On October 19, 2023, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking that identifies commingling of certain convertible virtual currencies (CVCs) as a “class of transactions of primary money laundering interest” under Section 311 of the USA PATRIOT Act Act. The proposed rule would require financial … Read more