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ARTICLE · 30 MAY 2022

Know Your (Crypto) Customer: Anti-Money Laundering And Crypto Regulation

Buchanan Ingersoll & Rooney
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As volatility in the cryptocurrency market has increased, regulators in the United States and around the world have indicated a willingness to impose tougher compliance requirements related to crypto assets.

United StatesTechnology
Mark A. Kasten
Mark A. Kasten
Jordan A. Yeagley
Jordan A. Yeagley
R. Steven James
R. Steven James
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As volatility in the cryptocurrency market has increased, regulators in the United States and around the world have indicated a willingness to impose tougher compliance requirements related to crypto assets. As a result, there is an increasing likelihood that companies that hold or deal in crypto assets may be subject to additional regulations in the coming years. Specifically, regulators have called on crypto platforms to implement Know-Your-Customer (KYC) rules to ensure compliance with anti-money laundering (AML) rules and regulations. Crypto platforms and other financial services companies should be prepared to meet more substantial compliance obligations as regulators continue to turn their attention to the cryptocurrency space.

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