Coin Center: US Senate's Digital Currency Bill Is 'Counterproductive'
An anti-money laundering bill before the US Senate and focused in part on digital currencies "could upset years of policy and compliance work", according to Washington, DC, advocacy group Coin Center.A new blog post penned by Coin Center executive director Jerry Brito dives into the specifics of the bill, arguing that the Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017 – introduced in late May by a group of influential senators – largely replicates rules put in place by the Financial Crimes Enforcement Network (FinCEN), which first issued guidance on digital currency activities in 2013 and later 2014.
http://www.coindesk.com/coin-center-us-senates-digital-currency-bill-is-counterproductive/
