FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers

FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers - Qoneqt

Mohamed Azharuddin in Crypto News

FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers

A recent FBI announcement urging Americans not to use unlicensed money-transmitting services misses “a great deal of nuance” about how crypto services operate, says Piper Alderman Partner Michael Bacina. The Federal Bureau of Investigation’s recent warning to Americans from using unregistered cryptocurrency money-transmitting services might be aimed at smart-contract-driven privacy tools, according to a crypto lawyer.

In an April 25 public service announcement, the FBI urged Americans only to use registered Cryptocurrency Money Services Businesses that comply with existing Know Your Customer (KYC) and Anti-Money Laundering (AML) laws.

Source - Coin Telegraph

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