FinCEN Targets Cryptocurrency Mixing in Proposed Anti-Money Laundering Regulation

Convertible virtual currency (CVC) mixing has increasingly come under scrutiny as part of U.S. national security policy. On October 19, 2023, the Financial Crimes Enforcement Network (FinCEN), an agency within the U.S. Department of the Treasury, put forward a notice of proposed rulemaking (NPRM). This NPRM aims to categorize CVC mixing — when it’s within … Continue reading FinCEN Targets Cryptocurrency Mixing in Proposed Anti-Money Laundering Regulation