Regulatory Information
Dash is not a security and offers greater transparency and less risk than Bitcoin with regards to privacy.
Learn more about how legal regulations apply to Dash.
DCG response to FinCEN
Dash Core Group supplements the original Financial Crimes Enforcement Network (“FinCEN”) with this additional information with respect to the Notice of Proposed Rulemaking, published on December 23, 2020, titled, “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets”.
Dash Complies with the FATF Rule
The Financial Action Task Force (FATF) released their guidelines for countries’ regulations of the cryptocurrency industry in 2019, including the Travel Rule. This document outlines how and why the Travel Rule in no way affects our partners’ abilities to remain compliant with Dash. For follow-up questions or to learn more about Dash and compliance, please contact us at [email protected]
Dash is Not a Security
The status of Dash as “not a security” has been validated by many entities, most recently the Crypto Rating Council which provided the best possible score of 1.0, equivalent to the score for Bitcoin. The score takes into account various points within the Howey Test to conclude that Dash has few characteristics that are consistent with being a security.
Business compliance officers and regulators interested in speaking with Dash Core Group and/or requesting our legal opinions on the matter, please reach out to us at [email protected]
KYC/AML Services
Day-to-day compliance requirements can be difficult to scale for many businesses within the cryptocurrency industry, such as KYC/AML compliance for exchanges. The largest names in KYC/AML for cryptocurrency help ensure that businesses remain in compliance. Our partners in this space provide state of the art KYC/AML services to some of the best known cryptocurrency companies, law enforcement agencies, and financial institutions around the globe.
