More than 70,000 crypto-related SARs had been filed with FinCEN since 2013, director Kenneth Blanco said Wednesday.
There is no ambiguity: crypto startups must follow U.S. AML laws or suffer the consequences, said FinCEN's Kenneth Bianco.
The heads of three U.S. financial regulators warned the crypto industry to abide by banking laws in a joint statement published Friday.
FinCEN director Kenneth Blanco said that suspicious activity reports detailing crypto fraud is a matter of national security.