WebMar 19, 2013 · No, the fincen guidance you posted has it in plain english that you do not. A miner is simply a user. c. De-Centralized Virtual Currencies A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own … WebSep 20, 2024 · In all, suspicious activity reports in the FinCEN Files flagged more than $2 trillion in transactions between 1999 and 2024. Western banks could have blocked almost any of them, but in most cases they kept the money moving and kept collecting their fees.
Fees collected by U.S. Customs and Border Protection
WebOct 3, 2024 · An FBAR filer is considered an individual when he/she personally owns (or jointly owns with a spouse) a reportable foreign financial account that requires the filing of an FBAR for the reportable year. Individuals may electronically file their FBAR through the BSA E-Filing System without registering for an BSA E-Filing account. WebFeb 1, 2024 · The money transmission laws apply specifically to “convertible” virtual currency (“CVC”), which FinCEN defined as a virtual currency that “either has an equivalent value in real currency, or acts as a substitute for real currency.” A person involved in CVCs can take on three roles according to FinCEN: user, exchanger or administrator. mtg phyrexian flesh gorger
CURRENCY TRANSACTION REPORTING - Federal Financial …
WebReport this post Report Report. Back Submit WebSep 21, 2024 · The FinCEN files are more than 2,500 documents, most of which were files that banks sent to the US authorities between 2000 and 2024. They raise concerns about what their clients might be doing ... WebDec 14, 2024 · The online Annual Percentage Rate program is a tool for verifying annual percentage rates and reimbursement adjustments. This program includes relevant finance charge and APR tolerances for verifying the accuracy of annual percentage rates and finance charges on loans secured by real estate or a dwelling. mtg phyrexian germ