finCen

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KYC & AML - Who Does It Actually Protect & What Are Their Real Purposes

2 Apr 2021 9 minute read 9 comments BitcoinGordon

Floating opposites are a poetic form of literary expression. They're used in speech-writing, wordsmith copy-writing, and often built into a good movie script if you pay close attention. I like ironic opposites. Silly example: when you get to the end...

Tax season is upon us - don't forget about the FinCen FBAR!

15 Feb 2020 4 minute read 1 comment monkeybusiness

To start, let me disclose that I am not a financial advisor, tax advisor, or an accountant.  I am just a regular guy working an 8 to 5 job that also likes to trade cryptocurrencies on the side while staying on the right side of the law. The law, the...

ALERT: What to expect from the FinCEN Rollout on Crypto, as proposed in US Budget 2020?

13 Feb 2020 1 minute read 0 comments CryptoTapas.com

US Fiscal Budget 2020 has a specific mention of ‘Cryptocurrency threats,’ and requests $125 Million dollars to upgrade FinCEN to administer Bank Secrecy Act on Cryptocurrency under the supervision of the United States Treasury. Page 82 of the Fiscal ...

The Financial Crimes Enforcement Network (FinCEN) has issued guidance on cryptocurrencies

12 May 2019 1 minute read 0 comments Haiaty

  The Financial Crimes Enforcement Network (FinCEN) has issued guidance on cryptocurrencies in order to provide regulatory certainty for businesses and individuals. You can find it here: https://www.systems.cs.cornell.edu/docs/fincen-cvc-guidance-fi...