Eccouncil 312-82 Exam - 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?

AThe industry designation

BThe company stated mission

CThe business model

DHow the company advertises itself

Show Suggested 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.

by Crista at Jan 11, 2025, 05:05 AM

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Marylyn

9 months ago

The company stated mission? Nah, that's not it.

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Nicolette

9 months ago

Wait, how can advertising dictate obligations? That seems off.

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Linwood

10 months ago

Agreed, business model is key!

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Jamal

10 months ago

I thought it was more about the industry designation?

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Moon

10 months ago

It's definitely the business model that matters.

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Alverta

10 months ago

I’m confused about how advertising relates to obligations; I don’t think that’s the right focus for FinCEN regulations.

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Sharmaine

11 months ago

I feel like the company’s stated mission could influence obligations, but it seems less likely than the business model.

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Kandis

11 months ago

I remember a practice question that mentioned industry designation, so I might lean towards that option.

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Kate

11 months ago

I think the obligations are based on the business model, but I'm not entirely sure if that's the right answer.

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Omer

11 months ago

I'm a little confused on this one. I know FinCEN is the regulatory body, but I'm not sure if the question is asking about their specific requirements or just general industry standards. I'll have to think this through carefully.

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Vincenza

11 months ago

Okay, I've got this. FinCEN's obligations for money transmitters are based on the business model, not the industry designation or how the company advertises itself. The correct answer has to be C.

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Daron

11 months ago

Hmm, this is a tricky one. I'm not entirely sure what FinCEN's specific criteria are for money transmitters. I'll need to review my notes on financial regulations and try to remember the relevant details.

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Corinne

11 months ago

I think the key here is to focus on what FinCEN, the Financial Crimes Enforcement Network, considers to be the defining factors for money transmitters. The question is asking specifically about FinCEN's perspective, so I'll need to think about their regulations and guidelines.

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Bettina

1 year 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

1 year ago

D) How the company advertises itself

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Stacey

1 year ago

B) The company stated mission

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Iluminada

1 year 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 year ago

A) The industry designation

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Sharen

1 year 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 year ago

C) The business model

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Nicholle

1 year ago

A) The industry designation

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Willow

1 year 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

1 year ago

I'm not sure, but I think it might also depend on the business model of the company.

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Desirae

1 year 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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