The FBI warns Americans not to use unregistered cryptocurrency transmission services

ChainCatcher news, according to The Block, the Federal Bureau of Investigation (FBI) stated on Thursday that Americans should not use cryptocurrency transfer services provided by companies that are not registered as Money Services Businesses (MSB) under federal law. At the same time, the FBI also provided FinCEN's official tool that allows users to check whether a company is registered as an MSB. Additionally, the FBI warned users not to use cryptocurrency services that do not require KYC information before allowing the sending or receiving of cryptocurrency.

The statement said, "The FBI has recently taken enforcement action against cryptocurrency services that are not licensed under federal law. Individuals using unlicensed cryptocurrency transfer services may encounter financial disruptions during enforcement actions, especially when their cryptocurrency is mixed with funds obtained through illegal means." "Cryptocurrency transfer services that intentionally violate the law or knowingly assist in illegal transactions will be investigated by law enforcement. Using services that have not fulfilled their legal obligations may result in losing access to funds after law enforcement takes action against these businesses."