{"id":"tp-4222","type":"article-newspaper","title":"Anti-money laundering law will be applied on stablecoins regardless of what’s backing it, says FinCEN","author":"J Russ Isberto","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/regulation/4222","datePublished":"2019-11-20T08:55:00.000Z","dateModified":"2019-11-20T08:55:00.000Z","language":"en","abstract":"The U.S. Financial Crimes Enforcement Network (FinCEN) is clarifying that all stablecoins should follow the anti-money laundering law and no exceptions will be given regardless of what asset is backing it.","section":"Regulation","references":[{"title":"a stablecoin’s value remains steady","url":"https://tokenpost.com/US-Federal-Reserve-weighs-pros-and-cons-of-global-stablecoins-4180"},{"title":"CoinDesk reported","url":"https://www.coindesk.com/fincen-stablecoin-issuers-are-money-transmitters-no-matter-what"},{"title":"after Facebook announced Libra","url":"https://tokenpost.com/Stablecoins-in-danger-of-being-classified-as-a-security-as-Mark-Zuckerberg-prepares-to-defend-Libra-3885"},{"title":"Cointelegraph reported","url":"https://cointelegraph.com/news/presidential-hopeful-andrew-yang-plans-to-regulate-crypto-industry"},{"title":"released guidance","url":"https://www.fincen.gov/news/news-releases/new-fincen-guidance-affirms-its-longstanding-regulatory-framework-virtual"},{"title":"TokenPost","url":"https://www.tokenpost.com"}]}