It seems a very important piece of news has flown under the radar of cryptocurrency enthusiasts and experts. In a letter from February, FinCEN makes it clear they do not take kindly to ICOs or any platforms supporting this business model. In fact, they would prefer if all ICOs registered as money services businesses. It’s an interesting approach that could easily destroy the ICO industry as we know it today. FinCEN and ICOs Don’t Mix Well The main objective of FinCEN is to boost innovation in the financial sector. As such, they are keeping a rather open mind toward cryptocurrencies, even thoughPowered by WPeMatico
