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HomeNews

FinCEN Fines California Man For Operating Illegal Crypto Exchange

Pavlos Giorkas
By Pavlos Giorkas
294

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In what is being called a first, the Financial Crimes Enforcement Network has fined Eric Powers of California $35,000 for operating an illegal bitcoin exchange, failing to register as a money transmitter, and not filing currency transaction reports.

Read the full article here.

Financial Crimes Enforcement Network

Anti-Money Laundering

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Eric Powers

Bank Secrecy Act

Cryptocurrency



Source: ETHNews

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