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FinCEN Signals Intent to Enforce Disclosure of Offshore Crypto Holdings

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bitcoinIn yet another blow to the cryptocurrency industry, the US Treasury has revealed plans to mandate the reporting of crypto holdings over $10K held with foreign digital currency service providers. FinCEN, an arm of the Treasury Department that oversees domestic financial laws’ enforcement, will implement the new rule when adopted.  US Financial Watchdogs Tighten Regulations

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