To make payments more efficient, the Federal Reserve has planned to amend the Bank Secrecy Act (BSA), anti-tip-off statutes, and laws. Cryptocurrency exchanges are legal in the United States and fall under the regulatory scope of the Bank Secrecy Act (BSA). In practice, this means that. This could even lead to eventual changes to federal and state wage and hour law as it relates to paying employee wages in crypto. The U.S.
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