FinCEN says “We expect you to comply, period” on regulations about money services businesses and money transmission, including when denominated in cryptocurrency/stablecoins. In other news, FDA says water still wet. https://www.fincen.gov/news/speeches/prepared-remarks-fincen-director-kenneth-blanco-chainalysis-blockchain-symposium …
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At some point they have to stop saying “As we mentioned in our sternly worded memo in 2016 referencing clear policy guidance from early 2000s...” and start writing some tickets.
12:31 AM - 21 Nov 2019
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