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Reading Group: Regulating the "blockchain" v3
Resource 11

Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies

Patrick Murck

The Financial Crimes Enforcement Network (FinCEN) is issuing this interpretive guidance to remind persons subject to the Bank Secrecy Act (BSA) how FinCEN regulations relating to money services businesses (MSBs) apply to certain business models involving money transmission denominated in value that substitutes for currency, specifically, convertible virtual currencies (CVCs).

Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies

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