Federal regulators reminded banks to adhere to all existing anti-money laundering requirements and other expectations when engaging with cryptocurrency firms and other financial technology-based startups, regardless of whether the standards apply specifically to the nascent industry. The U.S. Treasury Department and federal banking agencies are developing a streamlined and "holistic" regulatory framework for cryptocurrency exchanges and fintechs, representatives of the department's Financial Crimes Enforcement Network, or FinCEN, Office of the Comptroller of the Currency, or OCC, and Federal Reserve Board of Governors said at an industry conference. Meanwhile, present "technology-neutral" regulations and guidance already lay out the steps banks should...
U.S. authorities have recently intensified their efforts to trace the cryptocurrency payments cybercriminals make to providers of servers, cloud storage and other digital infrastructure, a federal investigator said Tuesday.
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