FinCEN Extends Comment Period For Rule Aimed At Closing Anti-money Laundering Regulatory Gaps For Certain Convertible Virtual Currency And Digital Asset Transactions

On Thursday, January 14th, 2021, the Financial Crimes Enforcement Network (FinCEN) announced that it was reopening the comment period for its recent proposed rulemaking regarding certain transactions involving convertible virtual currency (CVC) or digital assets with legal tender status (LTDA).

Under the Notice of Proposed Rulemaking (NPRM), ba...

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