Comment from Global Blockchain Business Council
Global Blockchain Business CouncilSupportAdvocacy
Summary: The Global Blockchain Business Council (GBBC) USA supports FinCEN's proposed rule to modernize AML/CFT programs, praising its risk-based approach and the distinction between establishing and maintaining programs. They argue for further clarifications on "effectiveness" and "materiality" to ensure the rule supports innovation in digital assets while focusing on high-impact threats.
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