FinCEN is closely studying DeFi: focusing on anti-money laundering and counter-terrorist financing frameworks

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FinCEN is closely studying DeFi: focusing on anti-money laundering and counter-terrorist financing frameworks

The Acting Director of the Financial Crimes Enforcement Network (FinCEN), Himamauli Das, stated that the agency is "closely studying DeFi," and that the digital asset ecosystem and cryptocurrencies are the agency's "key priority areas." FinCEN is closely monitoring its anti-money laundering (AML) and combating the financing of terrorism (CFT) framework for cryptocurrencies and digital assets to determine if any "additional regulations or guidance" are needed.

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The Acting Director of the Financial Crimes Enforcement Network (FinCEN) Himamauli Das stated that the agency is "carefully studying DeFi," and that the digital asset ecosystem and cryptocurrencies are the agency's "key priority areas." FinCEN is closely examining its anti-money laundering (AML) and combating the financing of terrorism (CFT) framework for cryptocurrencies and digital assets to determine if there is a need for "additional regulation or guidance."

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