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.
‘Enroll as Money Transmitter’IncryptsMar 07, 2018066
Nov 16, 2018