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USA re-opens cryptocurrency AML consultation

News Team, 19/01/2021

The US has extended its consultation on cryptocurrencies and anti-money laundering regulations.

The Financial Crimes Enforcement Network (FinCEN) has reopened the comment period for its t proposed rulemaking regarding certain transactions involving convertible virtual currency (CVC) or digital assets with legal tender status (LTDA).

Under the Notice of Proposed Rulemaking (NPRM), banks and money services businesses would be required to submit reports, keep records, and verify the identity of customers about transactions above certain thresholds that involve either:

- CVC/LTDA wallets not hoste...


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