|
Title: 2013-07-19 Bitcoin Foundation comments on FinCEN Special Measures Post by: BCB on July 19, 2013, 10:22:58 PM The Bitcoin Foundation appreciates the opportunity to comment on the proposed rule publishedin FinCEN's Notice of Proposed Rulemaking on the Imposition of Special Measure AgainstLiberty Reserve S.A. as a Financial Institution of Primary Money Laundering Concern("Proposed Rule").
1 In the Proposed Rule, FinCEN proposes to require financial institutions toimpose “special measures” against Liberty Reserve, S.A. (“Liberty Reserve”) under Section 311of the Bank Secrecy Act. As discussed below, the Bitcoin Foundation does not take issue withthe imposition of special measures against Liberty Reserve. Rather, the Bitcoin Foundation isfiling these comments to urge FinCEN to clarify statements made in the Proposed Rule and theunderlying Notice of Findings that could be misinterpreted to suggest that virtual currencytransactions in general are inherently suspect http://www.scribd.com/doc/154799860/Bitcoin-Foundation-Comments-on-Liberty-Reserve-Special-Measures-NPRM Title: Re: 2013-07-19 Bitcoin Foundation comments on FinCEN Special Measures Post by: solex on July 19, 2013, 10:43:40 PM Excellent work by the BF and its lawyers!
|