Events listed in USA PATRIOT Act
FinCEN Proposes New Regulation to Enhance Transparency in Convertible Virtual ...
ID 25412
The Financial Crimes Enforcement Network, FinCEN, has announced and meanwhile published in the Federal Register a proposed new reporting rule under Statutory Instrument 31 CFR Part 1010, FinCEN’s reporting rule, to require the reporting of transactions involving convertible virtual currencies (CVCs) and CVC mixers by financial institutions. CVC mixing is thereby defined by FinCEN as „the facilitation of CVC transactions in a manner that ...