FinCEN Penalize Bitcoin Exchanger for Unlawful Practices

Man in a Suit Pointing at Washing Machines

The United States Financial Crimes Enforcement Network (FinCEN) has ordered Eric Powers, the operator of a peer-to-peer Bitcoin exchange, to pay a fine of $35,000 for willfully violating the Bank Secrecy Act’s (BSA) registration for failing to register as a money services business, according to a press release on April 18, 2019. FinCEN Punish Bitcoin

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Source: BTC Manager