PANews reported on April 26 that the Federal Bureau of Investigation (FBI) said on Thursday that Americans should not use Crypto Assets transfer services provided by companies that are not registered as coin service businesses (MSBs) under federal law. At the same time, the FBI also provides an official tool for FinCEN, which allows users to check if a company is registered as an MSB. In addition, the FBI also warned users not to use encryption services that do not require KYC information until they are allowed to send or acquire Crypto Assets. "The FBI recently conducted enforcement actions against Crypto Assets services that are not licensed under federal law," the statement said. People who use unlicensed Crypto Assets transfer services may experience financial disruption during enforcement actions, especially when their Crypto Assets are mixed with funds obtained through illegal means. "Crypto Assets transfer services that knowingly violate the law or knowingly facilitate illegal transactions will be subject to investigation by law enforcement." Using services that do not meet their legal obligations may result in you losing access to funds after law enforcement long wick candle take action against these businesses. ”

coin The FBI warns Americans not to use unlicensed Crypto Assets transmission services to circumvent AML regulations and MSB registration requirements. It is recommended to check the list of MSBs regulated by FinCEN to ensure compliance. Unregistered services can lead to financial losses and the risk of cooperating with illegal operators. It is essential to comply with the rules of the law and use the registration service to avoid severe penalties and security issues.

Coin World reported: Coin World reported that the Federal Bureau of Investigation (FBI) stated on Thursday that Americans should not use encryption services provided by companies that are not registered as Money Services Businesses (MSB) under federal law. The FBI also provided the official tool of FinCEN for users to check whether a company is registered as an MSB.

Golden Finance reported that the Federal Bureau of Investigation (FBI) stated on Thursday that Americans should not use encryption services provided by companies that are not registered as Money Services Businesses (MSBs) under federal law. The FBI also provided the official tool of FinCEN for users to query whether a company is registered as an MSB.

Coin Network reports: The US Congress has intensified its crackdown on unregistered encryption services Although there is no ability to fully regulate Crypto Assets law enforcement and MSB authorizations are starting to receive more long attention, companies such as X (formerly Twitter) are already required to register payment and transfer services IC3 recommends avoiding companies that do not collect KYC information and checking their remittance licenses, and the U.S. government is stepping up oversight of unlicensed Crypto Assets companies so as not to get involved in illegal transactions.

ConsenSys lawyer Bill Hughes posted on the X platform that the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions against ten Hamas members, agents and financial facilitators, including Buy Cash Money and Money Transfer Company, a money service business (MSB) based in Gaza. Buy Cash has been used by affiliates of terrorist groups such as Hamas, al-Qaida, and the Islamic State (ISIS) to transfer funds, in addition to facilitating Hamas' cryptocurrency fundraising activities.

Golden Finance reports that the 2023 Cryptocurrency Business Index report released by Coincub provides interesting insights into the U.S. crypto industry landscape based on the interstate distribution of crypto MSB companies registered with the U.S. Treasury Department’s Criminal Enforcement Network (FinCEN). About 33% of companies are located in Colorado, which far exceeds that of other states, followed by about 13.44% of foreign companies and about 9.58% of companies headquartered in California. Florida and Delaware are the next tier up, accounting for 5.43% and 4.51% respectively. Surprisingly, traditional financial centers like New York account for only 4.05% of total registered crypto MSBs. The overwhelming number of money transfer companies registered in Colorado is an unexpected but noteworthy observation. Although Colorado is a technology and innovation hub, California's share is less than one-third of Colorado's.

Odaily Planet Daily News According to records in the licensing system database of multiple states in the United States, Twitter has obtained money transmission licenses in three states in the United States. Relevant records show that Twitter's application was approved in Michigan, Missouri and New Hampshire between June 29 and July 3, 2023. Twitter's licenses in Michigan and New Hampshire are called "Money Transmitter Licenses," while those in Missouri are called "Sale of Checks and Money Transmitter Licenses." This discrepancy appears to be due to the way the states name their licenses, rather than a difference in program services. The licenses would allow Twitter to process customer transactions, possibly in a manner similar to PayPal and other non-bank services. It is reported that Twitter has been obtaining a license for some time. In November 2022, it applied to FinCEN for a money services business (MSB) license, revealing in the process that it aims to operate in all U.S. states and beyond. Elon Musk has formed a team to explore digital payments, with the aim of turning Twitter into an "app for everything," the FT reported in January. While there is no indication that Twitter plans to launch crypto-related services as part of its payment plan, the platform has supported cryptocurrency tipping since at least February 2022, in addition to other crypto-related features such as NFT profile pictures. Despite the various developments it has made so far, Twitter has yet to publicly announce any payment services. (Crypto Slate)

On May 22, the Hong Kong digital asset exchange HKD.com was granted a virtual asset service provider license issued by the Spanish regulator. The license will allow HKD.com to engage in transactions between encrypted assets and between encrypted assets and fiat currencies, and to provide encrypted asset custody services. It is reported that HKD.com was established in 2019 and has obtained the Hong Kong Trust or Company Service Provider License (TCSP), the Money Service Business Registration License (MSB) issued by the US Financial Crimes Enforcement Agency (FinCEN), etc.