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Digital Asset Anti Money Laundering Act (S 2669)

Score:

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Federal

2024

Latest Action:

Updated:

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This bill mandates the Financial Crimes Enforcement Network to regulate digital asset transactions. The bill proposes the first crypto-specific regulations under federal law, defines anonymity-enhanced cryptocurrency and digital assets, requires digital asset kiosk owners to verify identities, and imposes registration and reporting on unhosted wallet providers and digital asset miners. Americans must report foreign digital assets over $10,000.

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