ICOs Likely Subject to Money Transfer Laws: FinCEN

ICOs Likely Subject to Money Transfer Laws: FinCEN

Initial coin offering (ICO) operators have long known that they risked running afoul of US securities laws. However, a newly released letter drafted by an official with the Department of the Treasury suggests that ICOs may also be subject to criminal statutes governing money transfer businesses. The letter, which was addressed to Senator Ron Wyden … Continued

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Source: ICOs Likely Subject to Money Transfer Laws: FinCEN – BitcoinDigest