FinCEN To Stop Bitcoin Working Like Secret Swiss Bank Accounts?

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FinCEN to stop Bitcoin working like secret Swiss bank accounts

“The Secretary of the United States Treasury yesterday announced that FinCEN, the country’s body that tackles financial crimes like anti-money laundering and terrorist financing, will soon roll out new requirements regarding Bitcoin and other cryptocurrencies.

Steven Mnuchin said, ‘We are about to roll out some significant new requirements at FinCEN. We want to make sure that technology moves forward, but on the other hand, we want to make sure that cryptocurrencies aren’t used for the equivalent of old Swiss secret number bank accounts.’”

Master Asked on February 13, 2020 in Bitcoin.
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