On April 18, the US Financial Crimes Enforcement Network (FinCEN) said at a news conference that it had assessed the civil fines of a California resident who was accused of deliberately violating the money transfer law as a p2p virtual currency trader. . FinCEN said this is the first time they have taken action against p2p virtual currency traders. According to the agency, Eric Powers of Kern County, Calif., has been fined $35,000 and is prohibited from engaging in any future activities that might qualify his work for monetary services. .