SEC, and FinCEN issue joint statement on activities involving digital assets
Quick take on the new SEC, CFTC, FinCen guidance on digital assets: > Be sure to implement AML and KYC programs > Do suspicious activity reporting (SAR) > Register activity with appropriate regulator > Comply with Bank Secrecy Act > Innovate responsibly
Leaders of CFTC, FinCEN, and SEC Issue Joint Statement on Activities Involving Digital Assets
🚨 BREAKING🚨--joint statement by SEC, CFTC & FinCEN about #AML/#KYC compliance requirements for #crypto industry. I don't think the #BankSecrecyAct is constitutional, as u know, but its' the law of the land until it's struck down--ignore it at your peril.
Leaders of CFTC, FinCEN, and SEC Issue Joint Statement on Activities Involving Digital Assets
This “Joint Statement on Activities Involving Digital Assets” showcases the decentralized, product-based nature of US regulatory bureaucracy, or the money vs securities vs commodities land grab over #crypto assets. #EvolutionOverdue