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US Treasury urges crypto exchanges to register with FinCEN

2022/03/08 13:46

According to Protos, The US Treasury Department has proclaimed that all US crypto exchanges must register with FinCEN, the agency’s Financial Crimes Enforcement Network. In a series of reports published last week, Janet Yellen’s Treasury urged all virtual asset service providers (VASPs), including crypto exchanges, to follow Bank Secrecy Act rules. The Bank Secrecy Act requires financial service providers to implement strict anti-money laundering (AML) protocols and report suspicious activity.
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