FinCEN Proposes Rulemaking to Make Convertible Virtual Currency Mixing More Transparent: Client Alert Digest

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently released a Notice of Proposed Rulemaking (NPRM) calling for new reporting and recordkeeping requirements on convertible virtual currency (CVC) mixing transactions. The NPRM is intended to target illicit financing by terrorists and other bad actors transacting in CVC mixing transactions in or involving a U.S. jurisdiction. Access this Client Alert Digest containing a comprehensive discussion and law firm analysis of the NPRM.

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