FinCEN director Jennifer Shasky Calvery gave an interview discussing FinCEN’s approach to Bitcoin. She emphasized that FinCEN is actively monitoring new developments in Bitcoin and considering their regulatory implications, as well as emphasizing FinCEN’s expectation that Bitcoin businesses comply with existing anti-money laundering regulations.
anti-money laundering
Europol
By Perkins Coie on
Posted in International Developments, Weekly Updates
The European Union’s law enforcement agency issued an internet organized crime threat assessment, which examines the various technologies and services used by cybercrime organizations. The assessment includes a discussion of the use of virtual currencies, including Bitcoin, in laundering the proceeds of cybercrimes.
District Court for S.D.N.Y.
By Perkins Coie on
An information technology manager for Liberty Reserve pled guilty to conspiring to operate an unlicensed money transmitting business.
Bangladesh
By Perkins Coie on
Posted in International Developments, Weekly Updates
The central bank issued a warning against conducting transactions in cryptocurrency, and reportedly stated that conducting any transaction through Bitcoin or any other cryptocurrency is punishable by up to 12 years in jail.