US mulls applying fiat reporting mandate on crypto transfers

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The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.

Source: Cointelegraph.com News

#CryptocurrencyRegulation, #USTreasury, #FinCEN, #BankSecrecyAct, #FederalReserve