Viewpoint: Ensuring A Level Playing Field For Federal Virtual Currency Regulation

W
WilmerHale

Contributor

WilmerHale provides legal representation across a comprehensive range of practice areas critical to the success of its clients. With a staunch commitment to public service, the firm is a leader in pro bono representation. WilmerHale is 1,000 lawyers strong with 12 offices in the United States, Europe and Asia.
FinCEN's March 2013 interpretive guidance on bitcoin and other virtual currency remains the key statement of federal regulatory policy on the topic.
United States Finance and Banking

FinCEN's March 2013 interpretive guidance on bitcoin and other virtual currency remains the key statement of federal regulatory policy on the topic. In the guidance, FinCEN sought to regulate some virtual currency activities under its existing anti-money laundering (AML) rules applying to money transmission, and it promised that its revised interpretation of money transmission "does not differentiate between real currencies and convertible virtual currencies." Read more

Originally published by Paybefore on March 8, 2016.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More