Open Letter to FinCEN’s Proposed Amendment of the BSA. October 24 2020. FinCEN.
Added by: Jack (20/01/2023, 03:17) Last edited by: Jack (20/01/2023, 03:41)
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Abstract
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At the core of FinCEN’s proposal, having gathered opinions from the FBI, DEA, IRS, USSS and others, is lowering the threshold for the Travel Rule and Recordkeeping Rule to a $250 threshold while simultaneously classifying some crypto currencies as a Convertible Virtual Currency (“CVC”) with legal tender status.
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Monero is discussed on the 9th and 10th page referencing the IRS bounty
Monero is discussed on page 17 to describe the legal process of buying a cup of coffee.
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