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ARTICLE · 02 JUNE 2022

FinCEN Highlights Responsible Crypto Innovation, Warns Service Providers

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On May 19, Alessio Evangelista, the Associate Director of the Enforcement and Compliance Division of FinCEN, presented at the Chainalaysis Links Conference on the topic of "Intersection of Cryptocurrencies and National Security."

United StatesTechnology
Moorari K. Shah
Moorari K. Shah
A.J. Dhaliwal
A.J. Dhaliwal
Gabriel Khoury
Gabriel Khoury
John Herbstritt
John Herbstritt
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On May 19, Alessio Evangelista, the Associate Director of the Enforcement and Compliance Division of FinCEN, presented at the Chainalaysis Links Conference on the topic of "Intersection of Cryptocurrencies and National Security." Evangelista stated that crypto firms "have the same obligations as all other financial institutions to ensure that their new offerings can leverage innovations while still protecting consumers, reducing cybercrime, combating illicit financial activity, and ensuring their platforms are not used to harm our national security." He also stressed that the agency believes that innovation goes hand in hand with regulation, rather than being at odds with each other.

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