The Financial Crimes Enforcement Network (FinCEN) has sent a letter to the U.S. Senator Ron Wyden stating the application of regulations to ICO organizers. The exchanges and developers taking part in an ICO-derived token have to enroll as a money transmitter. They will have to comply with the AML and KYC rules depending upon the financial activity for which the ICO is processed.
â€˜Enroll as Money Transmitterâ€™IncryptsMar 07, 20180
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