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For Digital Currency Companies, AML Expectations May Be First of Many
By Brian Orsak
printThe regulatory concerns of Bitcoin and other digital currency platforms may extend beyond the anti-money laundering requirements outlined by the U.S. Treasury Department earlier this year, lawmakers and congressional witnesses said Tuesday. In a hearing, members of the Senate Banking Committee and a handful of witnesses said that the crypto-currency and its digital competitors could fall under the purview of U.S. privacy, tax and consumer protection laws. The discussion followed a hearing Monday by the Senate Homeland Security Committee. With the exception of March 2013 guidance issued by the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), digital currency companies...
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