FinCEN Says It Now Receives 1,500 Crypto Complaints a Month
FinCEN receives more than 1,500 reports every month from financial institutions regarding cryptocurrencies, a top official said Thursday.
U.S. lawmakers questioned FinCEN director Kenneth Blanco about potential terrorist use of Facebook's libra cryptocurrency.
Decentralized applications (dapps) may sometimes qualify as money transmitters under U.S. law, FinCEN said.
Prosecutors have filed a complaint against the infamous crypto exchange BTC-e calling a haven for crime.
U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.
U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions.