Tag Archives: Virtual Currency

FinCEN Director Addresses COVID-19 Related Virtual Currency Issues at Consensus Blockchain Conference

Sarah AbergShane KilleenBy Sarah Aberg and Shane Killeen on Posted in Cryptocurrency
On May 13, 2020, Financial Crimes Enforcement Network (“FinCEN”) Director Kenneth Blanco delivered remarks to the Consensus Blockchain Conference regarding the agency’s recent observations in connection with virtual currencies, including the current risks of criminal exploitation of virtual currency, significant issues FinCEN anticipates for virtual currencies in the future, and the industry’s compliance with the … Continue Reading

What Game Companies Need to Know About FinCEN’s Updated Guidance on Virtual Currency

James GattoBy James Gatto on Posted in Cryptocurrency, FinCEN, Virtual Currency
FinCEN has issued updated guidance addressing the use of crypto currency and other convertible virtual currency (CVC). A portion of this guidance addresses the use of CVC in games. The guidance does not establish any new regulatory expectations. Rather, it consolidates current FinCEN regulations, guidance and administrative rulings that relate to money transmission involving virtual … Continue Reading
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