U. S. Treasury Official Warns Bitcoin Exchanges Not Registered With FinCEN
Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen has issued a firm warning to bitcoin exchanges who haven't yet registered with the Treasury's FinCEN (Financial Crimes Enforcement Network) department. Cohen said that the U. S. Department of the Treasury "know[s] there are many virtual currency exchangers and administrators that have not registered with FinCEN and are not fulfilling their recordkeeping and reporting requirements," at a Bloomberg News event in New York City. "Those that do not comply with these rules should understand that their actions will....
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