US House Passes Bill for FinCEN to Study Blockchain Use
The House of Representatives passed legislation calling for FinCEN to study its use of “innovative technologies” — including blockchain.
“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco.
The move finalizes Huobi’s shuttering of US. accounts as as it continues to push users to its San Francisco-based partner exchange, HBUS.
Crypto companies have filed 7,100 Suspicious Activity Reports since May, America’s anti-money-laundering chief said at a banking conference Tuesday.
There is no ambiguity: crypto startups must follow U.S. AML laws or suffer the consequences, said FinCEN's Kenneth Bianco.
The heads of three U.S. financial regulators warned the crypto industry to abide by banking laws in a joint statement published Friday.