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The Daily Hodl 2023-10-23 18:45:52

FinCEN Introduces New Rulemaking Proposal To Surveil Crypto Mixing Services, Citing Patriot Act

The Financial Crimes Enforcement Network (FinCEN) has released a new proposal for the US government to begin monitoring crypto mixers. FinCEN cites Section 311 of the USA PATRIOT Act to propose requirements for financial institutions and financial agencies to keep records and reports on transactions that go through crypto or “convertible virtual currency” (CVC) mixers. The post FinCEN Introduces New Rulemaking Proposal To Surveil Crypto Mixing Services, Citing Patriot Act appeared first on The Daily Hodl .

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