Against great push back from the crypto industry and as the price of Bitcoin (BTC) reached new all-time highs several times during the last couple of months, the United States has updated its cryptocurrency Anti-Money Laundering/Combating the Financing of Terrorism laws. Last December, the Senate approved the National Defense Authorization Act and, as part of that legislation, passed the Anti-Money Laundering Act of 2020 and the Corporate Transparency Act. The Act’s provisions broaden and update the Bank Secrecy Act, or BSA, and the U.S. AML/CFT regime by: • Codifying existing FinCEN guidance related to digital ... (full story)