FinCEN Director Calvery steps down. Her legacy.
Late last month, FinCEN Director, Jennifer Shasky Calvery, announced she was stepping down at the end of May to take a job in the private sector.…
2 min read
Category
Regulators
Happy 3rd Anniversary: FinCEN guidance
Three years ago this past Friday (03/18), FinCEN released its regulatory guidance on digital currencies. Those involved in creating, distributing, exchanging, and transmitting digital currencies…
1 min read
Busted: unregistered bitcoin MSB
Last week, it was reported that a New York man was charged with operating an unlawful money transmitting business for illegally selling bitcoin. According to…
1 min read
Aussies: banks didn’t conspire to derisk bitcoin
The Australian Competition and Consumer Commission (ACCC) determined that there was no evidence banks colluded prior to closing accounts held by bitcoin companies. Ultimately, it…
1 min read
Rethinking “structuring”
The tactic of breaking up financial transactions in an effort to evade certain reporting requirements, including the $10,000 CTR threshold, is back under the spotlight.…
1 min read
FinCEN targets cash real estate deals. Takeaways for bitcoin MSBs?
Recently, FinCEN issued a Geographic Targeting Order (GTO) requiring certain title agencies in New York and Miami to identify cash buyers of real estate. GTOs…
3 min read
BitLicense just an appetizer.
What a way for the New York Department of Financial Services (NYDFS) to end the year. Since Ben Lawsky’s departure in May 2015, the NYDFS…
2 min read
North Carolina exempts certain bitcoin businesses
North Carolina appears to have reversed course when it comes to regulating bitcoin companies in The Tar Heel State. The North Carolina Office of the…
2 min read
Regulators Are Warming Up to Digital Currency
Recently, BitAML Founder & CEO, Joe Ciccolo, sat down with Cointelegraph to discuss bitcoin regulation, the future of cryptocurrencies, and even legacy banking. “In the…
1 min read