Groups Call On Congress To Use Bank Secrecy Act For Crypto Regs
PYMNTS
SEPTEMBER 2, 2019
Some VASPs are regulated as money transmitters under the Bank Secrecy Act (BSA) while others escape regulation, said David Murray, FIN’s vice president for product development and services. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone.
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