Fincen Director: US to Impose Strict Anti-money Laundering Rules on Crypto Exchanges

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Kenneth Blanco, director of the FinCEN (Financial Crimes Enforcement Network), said recently that the rules would be strictly imposed by the U.S. government that require the firms engaged in cryptocurrency money service businesses, to share data about their customers. As a part of anti-money laundering guidelines, “Travel Rule” specifies cryptocurrency exchanges to confirm their client’s …

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