As the crypto asset regulatory environment begins to firm up, crypto’s reputation as the ‘wild west’, is fading. New guidance by FinCEN makes it clear that in the US, virtual currencies are subject to the same AML requirements as fiat currency.Following the recent arrest of Eric Powers, a peer-to-peer bitcoin trader, on charges of violating the Bank Secrecy Act, US anti-money laundering agency FinCEN has released new guidance to help individuals and companies using cryptocurrency determine if they are acting as a money transmitter.While the document doesn’t establish new regulatory expectations or requirements, it does clarify how existing rules and regulations apply to users of cryptocurrency. Read the details on Brave New Coin

Karen Holleran

Karen Holleran Editor @aikarensf Karen is a proud third generation San Franciscan, and has worked in various positions including developer relations, winemaking, freelance writing, and as a teaching assistant for autistic children. She is passionate about disruptive tech, artificial intelligence, cryptocurrencies, and blockchain technology. She is excited at how these technologies can improve the quality of life for people globally. When Karen isn’t busy discovering new things, you can find her enjoying the diversity of the Bay Area, keeping up to date on the latest tech news, or relaxing at home with her beloved rescued cat.

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