How should we interpret Treasury Secretary Mnuchin's comments on Bitcoin? Come see us at the Cryptoconomy Summitto discuss considerations, including:
- The differences in regulatory perception for AML and other compliance programs
- How the leading cryptocurrency exchanges are establishing effective AML financial crime prevention programs
- The long term benefits of efficient, effective AML initiatives
- How cryptocurrency firms and their partners can leverage distinct technological advantages to prevent money laundering and terrorist financing
If you are not attending the conference, you may reach out to me, Larry Iwanski or Hal Crawford for questions on the current regulatory environment.
Recent Bitcoin perspectives:
Treasury Secretary Steven Mnuchin on Friday warned traders and firms offering services related to cryptocurrencies like bitcoin that anti-money-laundering and know-your-customer rules apply to them — and regulators are watching closely. Speaking during a moderated discussion sponsored by the Economic Club of Washington Friday morning, Mnuchin said that he's concerned cryptocurrencies could be used to conduct money laundering, and that he and other regulators are looking into the issue. He noted that the Financial Stability Oversight Council last month set up an interagency working group to examine the burgeoning market. Mnuchin added that he is in discussions with foreign regulators to shore up AML rules for cryptocurrencies.
https://www.americanbanker.com/news/mnuchin-bitcoin-firms-subject-to-anti-laundering-rules
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