Events + Podcasts

Register to attend RANE's exclusive knowledge-sharing events that address the evolving risk landscape and emerging threats, and listen to our podcasts featuring world-class voices and unique insights.

Upcoming Events

Jan 28, 2021 12:00 PM

FINCEN Proposes to Take a Bite Out of Crypto-Crime

With Bitcoin topping out recently at just over $42k, regulators are taking a fresh look at the role of cryptocurrencies in a range of illicit activities.

Regulators fear that criminals are increasingly using virtual currency for terrorist financing, money laundering, drug and human trafficking, and ransomware attacks.

In response, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed new requirements for transaction reporting and recordkeeping. The new rules would require reporting of identifying information about large transactions from digital wallets that allow users to hold cryptocurrencies outside financial institutions.

The cryptocurrency community has objected to the proposed rule, saying it could slow the growth of digital currencies and raise concerns about privacy rights as well as place significant new burdens on financial firms involved in the digital asset business.

In this webinar, our panel of experts will discuss the technical, compliance, and legal implications of the FINCEN proposal for the cryptocurrency ecosystem.



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