FinCEN Hits Bitcoin Service Operator With $60M Fine

By Al Barbarino (October 19, 2020, 3:43 PM EDT) -- The Financial Crimes Enforcement Network on Monday levied a $60 million civil money penalty against the head of two bitcoin businesses for violations of Bank Secrecy Act regulations, stating that he facilitated illicit activity including drug transactions and child pornography by operating in the "darkest spaces of the internet." ...

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