Discuss EC-Council 312-82 Exam Topic 10 Question 9

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

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.

Get Premium 312-82 Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

30 comments · newest first

Marylyn 11 months ago

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

Nicolette 11 months ago

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

Linwood 11 months ago

Agreed, business model is key!

Jamal 12 months ago

I thought it was more about the industry designation?

Moon 12 months ago

It's definitely the business model that matters.

Alverta 1 year ago

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

Sharmaine 1 year ago

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

Kandis 1 year ago

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

Kate 1 year ago

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

Omer 1 year 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.

Vincenza 1 year 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.

Daron 1 year 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.

Corinne 1 year 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.

Bettina 2 years 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!

Becky 1 year ago

↳ replying to Bettina

D) How the company advertises itself

Stacey 1 year ago

↳ replying to Bettina

B) The company stated mission

Iluminada 1 year ago

↳ replying to Bettina

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!

Art 1 year ago

↳ replying to Bettina

A) The industry designation

Sharen 2 years ago

Hmm, I was leaning towards A, but now I'm not so sure. Guess I need to brush up on my FinCEN knowledge.

Almeta 1 year ago

↳ replying to Sharen

C) The business model

Nicholle 1 year ago

↳ replying to Sharen

A) The industry designation

Willow 2 years ago

I'm going with C as well. The company's actual operations, not their PR, are what matter to the regulators.

Edelmira 2 years ago

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

Desirae 2 years 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.

Asuncion 1 year ago

↳ replying to Desirae

D) How the company advertises itself

Aretha 1 year ago

↳ replying to Desirae

That makes sense. The business model is definitely a key factor in determining the obligations of money transmitters.

Nana 2 years ago

↳ replying to Desirae

C) The business model

Hubert 2 years ago

↳ replying to Desirae

A) The industry designation

Zana 2 years ago

I agree with Vanna, the industry designation is what determines their obligations.

Vanna 2 years ago

I think the obligations of money transmitters are dictated by the industry designation.

EC-Council 312-82 Exam - Topic 10 Question 9 Discussion