The United States updates its crypto AML/CFT laws

Against great push back from the crypto industry and as the price of (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.

Related: COVID-19 pandemic spurs crypto law updates in J5 countries

Selva Ozelli, Esq., CPA, is an international tax attorney and certified public accountant who frequently writes about tax, legal and accounting issues for Tax Notes, Bloomberg BNA, other publications and the OECD.