US Treasury Rumor: Cryptocurrency Laundering


Site Admin
Apr 2017
US Treasury: Cryptocurrency Laundering
This is unconfirmed, and it's worth noting they used the word charging instead of investigating, but supposedly sources have said the US Treasury is charging financial institutions for cryptocurrency money laundering. Smart people within the crypto world seem to think, assuming this is true, that the US Treasury is probably going after specific exchanges, although that is purely speculation. Some exchanges may not be doing enough KYC, and it could be for things they did in the past 2017 cycle as well as the current bull run. It would make sense, given that many exchanges (KuCoin, BitMax, Binance, etc.) allow you to access their exchanges and trade without any KYC, with the only limitation being 2 BTC max withdrawal every 24 hours.


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