NEW YORK: The U.S. government will strictly enforce a rule that requires cryptocurrency firms engaged in money service businesses such as digital asset exchanges and wallet service providers to share information about their customers, Kenneth Blanco, director of the Financial Crimes Enforcement Network , said on Friday
"That's what our expectation is. You will comply. I don't know what the shock is. This is nothing new," he added. The travel rule was first issued by FinCEN in 1996 as part of anti-money laundering standards that applies to all U.S. financial institutions. FinCEN expanded the rule's coverage in March 2013 to apply to crypto exchanges as well, and in May this year, the Treasury unit affirmed that guidance.The government's action comes on the heels of guidelines released in June by the U.S.
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