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FBI Advises Against Utilizing Unregistered Cryptocurrency Services

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The FBI has issued a warning to American users of crypto services, urging them to only use registered money transmitters compliant with KYC and AML regulations. Recent operations have targeted unlicensed crypto businesses, with the founders of Samourai Wallet being arrested for money laundering and operating an unlicensed money-transmitting business. This warning comes amidst ongoing legal battles between crypto firms and regulators, highlighting the need for clear regulatory guidelines in the digital finance space. Stay informed and stay safe when dealing with crypto services.

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