Stablecoin businesses ARE money transmitters, says FinCEN chief

The Next Web
By Yessi Bello PerezNov 20, 2019, 6:29 am187 pts
Stablecoins fall under the US Financial Crimes Enforcement Network’s (FinCEN) remit to safeguard money transmission services, which means issuers must register as such and comply with anti-money laundering rules. That’s according to director Kenneth Blanco, who made the comments while speaking at a…

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