MONEDIAL.comThe History of Bitcoin

· regulation

Digital Asset Anti-Money Laundering Act of 2023 introduced

S. 2669 proposed extending Bank Secrecy Act obligations to a much wider set of digital-asset participants and directed FinCEN toward additional digital-asset guidance.

S. 2669 proposed extending Bank Secrecy Act obligations to a much wider set of digital-asset participants and directed FinCEN toward additional digital-asset guidance. Because the introduced text reached infrastructure categories that could include Bitcoin wallet and network participants, its implications went beyond exchange regulation.

The practical Bitcoin channel was direct potential obligations on Bitcoin ecosystem participants. The measure or case operated through law, licensing, custody, trading, or compliance rather than changing Bitcoin's protocol; where allegations or proposals were involved, they remained allegations or proposals at this stage.

The Bitcoin connection ran through potential obligations on Bitcoin ecosystem participants. Proposal directly reaches miners, validators/wallet/network infrastructure and therefore Bitcoin's permissionless architecture.

Introduction stage only.

Sources

  1. S. 2669 - Digital Asset Anti-Money Laundering Act of 2023
  2. S.2669 introduced bill text