Cryptocurrency

Artificial Intelligence

Strong

Giant

The US Federal Bureau of Investigation (FBI) has issued a warning to Americans about the risks associated with using unregistered cryptocurrency transfer services. The warning was issued Thursday in a statement from the FBI's Internet Crime Complaint Center (IC3).
The FBI advises Americans to avoid using cryptocurrency services from firms that are not registered as Money Services Businesses (MSBs) under federal law and do not comply with anti-money laundering rules.
The statement emphasizes that “a few simple steps can prevent the unintentional use of non-compliant services.” For example, the FBI recommends avoiding cryptocurrency money transfer services that do not collect Know Your Customer (KYC) information from customers when required.
The FBI also recommends that users verify whether a business is registered as a Money Services Business by using a tool from the U.S. Financial Crimes Enforcement Network (FinCEN).
Related News: <a href="https://en.bitcoinsistemi.com/which-ai-altcoins-are-developers-focusing-on-lately-list-of-the-10-most-popular-artificial-intelligence-altcoins-released/" target="_blank" rel="noopener noreferrer nofollow">Which AI Altcoins Are Developers Focusing On Lately? List of the 10 Most Popular Artificial Intelligence Altcoins Released</a>
The FBI statement also reveals that the agency has recently conducted law enforcement operations against cryptocurrency services that are not licensed in accordance with federal law. It warns that people using unlicensed cryptocurrency transfer services may face financial disruptions during law enforcement actions, especially if cryptocurrencies are mixed with illegally obtained funds.
Additionally, the FBI warns users not to use crypto services that do not require KYC information such as name or address before allowing them to send or receive cryptocurrency. He adds that apps available on an app store may not comply with federal compliance requirements or facilitate legal services.
The FBI concludes its statement with a stern warning: “Cryptocurrency sending services that knowingly break the law or knowingly facilitate illegal transactions will be investigated by law enforcement. Using a service that does not comply with its legal obligations puts you at risk of losing access to funds after law enforcement targets these businesses.” why could it be.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-cryptocurrency-warning-from-the-fbi-they-used-a-very-strong-language/" rel="noopener noreferrer nofollow">Giant Cryptocurrency Warning from the FBI – They Used a Very Strong Language</a>

Giant Cryptocurrency Warning from the FBI – They Used a Very Strong Language

Bitcoin Sistemi EN

Other articles published on Apr 25, 2024

Bybit Web3 IDO Launchpad Hosts IDO for Decentralized Payment Protocol Slash (SVL) Ahead of Spot L...

A16z crypto CTO slams memecoins, say they paint ‘risky casino’ narrative

Janet Yellen Linked ‘Buy Bitcoin’ Notepad Sells for 16 BTC

Magic Eden Sets To Launch Its Base NFT Marketplace Today – Here’s More Details

This Altcoin Will Be Introduced on KanalD, ShowTV, ATV, TV8 and NOW!

GALA Crypto Price Forecast: What’s Next For GALA In 2024?

Join our free newsletter for daily crypto updates!