Category: FinCEN

FinCEN’s new digital currency advisor says crypto’s ‘just another means of payment’

FinCEN’s new digital currency advisor says crypto’s ‘just another means of payment’

FinCEN digital currency advisor, Michele Korver, believes cryptocurrency is a natural evolution in financial technology. 1690 Total views 26 Total shares Michele Korver, the first-ever chief digital currency advisor for the Financial Crimes Enforcement Network’s (FinCEN), believes crypto assets are just another way of transferring value. Speaking to Law360 on July 29, the newly appointed […]

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The crypto FBAR: Implications beyond

The crypto FBAR: Implications beyond

The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account.  In […]

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