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Recent Enforcement Action Against Virtual Currency Signals Sea Change

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a groundbreaking enforcement action against Ripple Labs, Inc., a Northern Californian virtual currency company. FinCEN announced on May 5th that Ripple Labs has been ordered to pay $700,000 in penalties and fines for violating FinCEN’s money transmitter regulations. The company has been charged with acting … Continue reading Recent Enforcement Action Against Virtual Currency Signals Sea Change
May 19, 2015