Using The Bank Secrecy Act, FinCEN Regulations, And Also Sanctions To The Nascent NFT Market - JD Supra

Using The Bank Secrecy Act, FinCEN Regulations, And Also Sanctions To The Nascent NFT Market – JD Supra

Non-fungible symbols (NFTs) frequently entail 2 locations with recognized cash laundering and also terrorist funding dangers: cryptocurrencies as well as high-value possessions, like art. As described listed below, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has actually given assistance on the applicability of laws associated with anti-money laundering and also terrorist funding (AML) to cryptocurrencies. Current activities and also declarations from Cong