Currency Economy

Cryptocurrencies Make It to FinCEN National Priority List

CryptocurrencyJust Now (Jul 01, 2021 10:30AM ET)Cryptocurrencies Make It to FinCEN National Priority ListCryptocurrencies Make It to FinCEN National Priority List

  • The US FinCEN is looking to target crypto as part of its national priorities list.
  • The agency’s main aim is to prevent and punish money laundering and financial crimes.
  • At the moment, they haven’t stated any related policies to the list.

The US Financial Crimes Enforcement Network (FinCEN) is looking towards crypto as it makes its first ‘National Priorities’ list. As such, its keeping crypto on top of its plan to combat financial crimes.

The agency’s main aim is to prevent and punish money laundering and terrorism financing. It published its first list of national priorities on Wednesday. FinCEN took note of 8 priorities it needs to take care of as soon as possible; corruption, cybercrime and relevant virtual currency considerations, terrorist financing, fraud, transnational criminal organization activity, drug tra…

This article was first published on coinquora.com

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