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Eccouncil Exam 312-82 Topic 10 Question 9 Discussion

Actual exam question for Eccouncil's 312-82 exam
Question #: 9
Topic #: 10
[All 312-82 Questions]

According to FinCEN what dictates the obligations of money transmitters?

Show Suggested Answer Hide Answer
Suggested Answer: B

Hyperledger Fabric is designed to provide a foundation for developing blockchain solutions with a modular architecture. Fabric, a project under the Hyperledger umbrella by the Linux Foundation, offers flexibility through its pluggable components, enabling enterprises to tailor blockchain networks according to their specific requirements.

Key Details:

Modular Architecture: Hyperledger Fabric supports modular plug-ins for various functions, including consensus, identity management, and privacy settings. This allows organizations to customize the blockchain to suit their operational needs.

Permissioned Network: Fabric is a permissioned blockchain, meaning that it restricts network participation to authorized entities, which is ideal for enterprise use cases that require confidentiality and controlled access.

Enterprise-Grade Features: Fabric's architecture is well-suited for complex business processes, providing features like private data collections, which allow subsets of participants to create private channels for transactions.

Thus, B. FABRIC is the correct answer, as it is specifically developed to support modular, enterprise-grade blockchain solutions.


Contribute your Thoughts:

Bettina
2 months ago
C) The business model, for sure. Although I do enjoy a good company advertisement now and then. Maybe FinCEN should start their own ad agency!
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Becky
9 days ago
D) How the company advertises itself
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Stacey
24 days ago
B) The company stated mission
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Iluminada
27 days ago
C) The business model, for sure. Although I do enjoy a good company advertisement now and then. Maybe FinCEN should start their own ad agency!
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Art
1 months ago
A) The industry designation
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Sharen
2 months ago
Hmm, I was leaning towards A, but now I'm not so sure. Guess I need to brush up on my FinCEN knowledge.
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Almeta
1 months ago
C) The business model
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Nicholle
2 months ago
A) The industry designation
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Willow
2 months ago
I'm going with C as well. The company's actual operations, not their PR, are what matter to the regulators.
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Edelmira
2 months ago
I'm not sure, but I think it might also depend on the business model of the company.
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Desirae
3 months ago
C) The business model seems like the obvious choice here. FinCEN is all about the nuts and bolts of how a company operates, not how they market themselves.
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Asuncion
2 months ago
D) How the company advertises itself
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Aretha
2 months ago
That makes sense. The business model is definitely a key factor in determining the obligations of money transmitters.
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Nana
2 months ago
C) The business model
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Hubert
2 months ago
A) The industry designation
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Zana
3 months ago
I agree with Vanna, the industry designation is what determines their obligations.
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Vanna
3 months ago
I think the obligations of money transmitters are dictated by the industry designation.
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