As Bitcoin becomes more pervasive and wallets/exchanges and regulators solidify money-laundering control measures, the cryptocurrency is now being used for real estate transactions. Since FinCEN has renewed its Geographic Targeting Order (GTO), real estate firms may be able to leverage the use of Bitcoin for additional information to establish source of funds for certain reportable transactions. Partnerships with licensed Bitcoin exchanges could provide an opportunity for real estate firms to meet evolving GTO requirements with regards to transaction reporting and beneficial ownership. 

However, uncertainty remains on how regulators will treat the price fluctuations and potential indirect cash transactions at the point of sale. What we do know is that regulated Bitcoin platforms can provide a valuable source of information and line of defense to mitigate AML-related risks.