Which two FICA-funded programs are related to digital currencies?

1 answers

• May 01, 2022 · 3 years ago
  Two FICA-funded programs that are related to digital currencies are the Financial Crimes Enforcement Network (FinCEN) and the Internal Revenue Service (IRS). FinCEN focuses on enforcing anti-money laundering (AML) and counter-terrorism financing (CTF) regulations for digital currency transactions. They work to prevent illicit activities and ensure compliance with regulations. The IRS, on the other hand, is responsible for tax enforcement and provides guidance on reporting digital currency transactions for tax purposes. These programs play a crucial role in regulating and supporting the development of digital currencies, ensuring compliance and transparency.
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