US regulatory agency FinCEN released new guidelines on whether certain crypto businesses are regulated as money services businesses. Those who qualify to fall under the scope of the agency and must comply with (sometimes costly) regulations that clash with user privacy. FinCEN (Financial Crimes Enforcement Network), a bureau of the US Department of Treasury which […]The post FinCEN issues guidance on privacy coins, LocalBitcoins sellers, prediction markets, and other crypto businesses appeared first on CryptoSlate.
