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.
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