News list for " secrecy act"

The US Treasury plans to amend the Bank Secrecy Act to include cryptocurrencies in the definition of "currency" and implement new reporting requirements. The measure aims to bring cryptocurrencies under the same reporting rules as traditional fiat currencies to enhance financial transparency. The final rule is expected to be published in September 2025. The revised rules will cover convertible virtual currencies and digital assets with fiat currency status, including central bank digital currenc...

2024-08-19 21:42:20